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Revolutionary Guard runs Iran’s Baghdad embassy, opposition group claims

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AP: Iran’s Revolutionary Guard is using Iran’s Embassy in Baghdad to coordinate covert operations in Iraq, an Iranian opposition group has claimed.

Iran says enough supply in oil market- newspaper

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Reuters: Iran’s oil minister said the market had enough supplies of crude and OPEC was not to blame for the surge in oil prices, a newspaper reported on Saturday, a day after prices set a new record above $92 a barrel.

Australia ‘may put sanctions on Iran’

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AAP: Australia, Japan and the European Union are likely to join the United States in slapping sanctions on Iran if it fails to suspend its nuclear enrichment program soon, Foreign Minister Alexander Downer says.

Ban “worried” on Iran’s nuclear progress

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Reuters: U.N. Secretary-General Ban Ki-moon is worried about Iran’s nuclear programme but hopes a stand-off with the international community can be resolved through dialogue, he said in comments published in Italy on Friday.

Rice defends additional U.S. sanctions on Iran

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Reuters: U.S. Secretary of State Condoleezza Rice on Friday defended expanded U.S. sanctions on Iran and downplayed any rift with Russia over the policy.

Europeans mull sanctions against Iran

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AP: Britain and France are leading a push for new EU sanctions to punish Iran over its nuclear program. But while European nations increasingly fear a war in their backyard, the continent is divided over how to deal with the crisis.

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.