Iran firms that shipped arms to Syria hit with U.N. sanctions

A U.N. Security Council committee on Thursday imposed sanctions on two Iranian firms that violated a U.N. arms embargo on Tehran by shipping weapons to the Syrian government. The move was welcomed by the United States. U.S. Ambassador to the United Nations Susan Rice said in a statement that the two firms blacklisted by the […]

Iran Sanctions Prompt Protests As Prices Rise

Thirty-three years after the first economic sanctions were introduced against Iran, the Islamic Republic is feeling the negative effects more than ever. Ordinary Iranians are reeling from soaring prices for household goods. The official inflation rate is 23%, but most analysts believe it is much higher.

Romney to help Syria rebels, impose more Iran sanction

Republican nominee Mitt Romney today accused President Obama of “passive” leadership in the Middle East in a foreign-policy speech at the Virginia Military Institute. He called for more direct intervention in Syria, including making sure anti-government opposition forces have weapons. He also said he will not hesitate to impose new sanctions on Iran.

Washington showing Lebanese Banks who’s boss

Over the past two years, US pressure on Lebanese banks reached unprecedented levels. The main indicator is the increased frequency of visits from US treasury envoys to Lebanon. The latest such visit was paid by Neal Steven Wolin, US deputy secretary of the treasury. Before him came Daniel Glaser, assistant

Iranian police clash with protesters over Rial’s collapse

Riot police clashed with demonstrators and foreign exchange dealers in Tehran on Wednesday over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said. Police fired tear gas to disperse the demonstrators, angered by the plunge in the value of the rial.