Iran News Roundup: August 2, 2012
Congress Sends New Sanctions Bill to President A day after President Obama increased sanctions on Iran via executive order, Congress is sending a new sanctions bill to the President’s desk, which attempts to bankrupt Iran and cause hyperinflation by preventing Iran from repatriating any revenue from its energy. NIAC criticized the sanctions, saying “The bill imposes […]
Iran News Roundup: July 3, 2012
US Increases Military Presence in the Persian Gulf In response to proposed legislation in the Iranian parliament to close the Strait of Hormuz, the United States has “quietly” moved additional fighter jets, minesweepers, stealth warplanes, and other military reinforcements into the region. Navy ships are in place patrolling the Strait of Hormuz, reportedly to ensure […]
Iran News Roundup: June 26, 2012
South Korea to Halt Iran Oil Imports South Korea has announced it will be the first major Asian importer of Iranian oil to halt oil imports after a July 1st EU ban on insuring tankers carrying Iranian oil goes into effect. During the first five months of this year, South Korea imported about 192,000 barrels […]
Iran News Roundup: June 25, 2012
Escalation, Counter-Escalation, and Repeat The editor-in-chief of the hardline Iranian newspaper, Kayhan, argues that Iran can restrict oil tankers’ access to the Strait of Hormuz based on a “’right of retaliation’” under the 1958 Convention on the Territorial Sea after the implementation of an EU oil embargo. The paper’s editor, who is appointed by Iran’s […]