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 […]
Russia, which provides diplomatic support to Syrian President Bashar al-Assad, also has helped Syria with money. Quite literally — Russia’s state-owned printing firm, which produces ruble
International sanctions are forcing Iran to cut back aid to its anti-Israel Hezbollah allies in Lebanon, but the Lebanese guerrilla group remains a potent force, a top Israeli military official said Monday.
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.
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.
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
Foreign currency shops in Tehran remained shuttered or failed to display prices today while hundreds of Iranian riot police remained in the downtown area a day after protests over the tumbling national currency. Police units were visible around Ferdowsi and Manouchehri
Iran’s freefalling currency is turning meat into a luxury, sparking overnight price surges and spurring shoppers to stockpile goods. “Most of my customers just look at products behind the window and pass,” said Behrouz Madani, 42, who owns a butcher shop in northwest Tehran
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.
Iran is working to shrink and eventually eliminate the free market in its tumbling rial currency, the economy minister was quoted as saying amid signs that foreign exchange trade outside a government-sanctioned centre was drying up.