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Sanction-hit Iranian banks expected to face City boycott

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The Times: Iranian banks will be given the cold shoulder in the City after America’s imposition of new economic sanctions on Iran, a leading Anglo-Iranian business group predicted yesterday.

Iranians dismiss new U.S. sanctions

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New York Times: Iran’s chief nuclear negotiator on Friday dismissed the sweeping new sanctions announced by the Bush administration against an elite unit of the Revolutionary Guard in Iran as insignificant and said they would have no effect on the country’s nuclear policies, the student news agency ISNA reported.

On notice

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The Times – Leading Article: There is a hubris about Iranian behaviour that can be breathtaking. Far from expressing mock horror at Western accusations that Iran is funding Sunni as well as Shia extremists in Iraq, senior Iranian advisers nowadays go out of their way to make explicit their determination to harass and confront the Americans throughout the Middle East.

Sanctions could harm Iran ties with U.N. nuclear body

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Reuters: New U.S. sanctions could push Tehran to rethink its cooperation with the United Nations atomic watchdog, Iran’s former chief nuclear negotiator said on Friday.

Oil rises to record over $92 after U.S. says Iran backs terror

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Bloomberg: Oil rose above $92 a barrel for the first time in New York after the U.S. accused Iran’s military of supporting terrorism and stepped up pressure on foreign companies to cut ties with the Middle East oil producer.

Iran closer to nuclear bomb, emigre opposition says

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Reuters: Iran may be closer to developing nuclear weapons than three to eight years believed by the U.N. nuclear watchdog, the country’s emigre opposition said on Friday.

Steinmeier holds ‘constructive’ talks with Iran

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Reuters: Germany’s foreign minister held “constructive” talks with Iran’s nuclear negotiators on Thursday and urged them to cooperate with the international community to resolve a dispute over Tehran’s nuclear programme.

China says opposed to U.S. sanctions against Iran

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Reuters: China indicated on Friday it opposed the latest U.S. economic sanctions on Iran, warning that what it called rash steps could “complicate” the nuclear standoff with Tehran.

List: Sanctioned Iranian groups, people

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AP: Targets of new sanctions against Iran Thursday, according to a government fact sheet:

U.S. plays its ‘unilateral’ card on Iran sanctions

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New York Times: In announcing sweeping new sanctions against an elite unit of the Revolutionary Guard Corps in Iran, Bush administration officials took pains to offer assurances on Thursday that at least for now, the United States is not going to war with Iran.