Obama to Clear Way to Tighten Iranian Oil Sanctions

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    Jan 23, 2012 6:27 PM GMT
    Iran steps up threats to close Strait of Hormuz after EU imposes oil embargo
    Warning comes as EU nations agree in Brussels on sanctions over the country's controversial nuclear program


    http://www.haaretz.com/news/middle-east/iran-steps-up-threats-to-close-strait-of-hormuz-after-eu-imposes-oil-embargo-1.408831

    Two Iranian lawmakers on Monday stepped up threats their country would close the strategic Strait of Hormuz, through which a fifth of the world's crude flows, in retaliation for oil sanctions on Tehran.

    The warnings came as EU nations agreed in Brussels on an oil embargo against Iran as part of sanctions over the country's controversial nuclear program. The measure includes an immediate embargo on new contracts for Iranian crude and petroleum products while existing ones will be allowed to run until July.

    Iran has repeatedly warned it would choke off the strait if sanctions affect its oil sales, and two lawmakers ratcheted up the rhetoric on Monday.

    Lawmaker Mohammad Ismail Kowsari, deputy head of Iran's influential committee on national security, said the strait "would definitely be closed if the sale of Iranian oil is violated in any way."

    Kowsari claimed that in case of the strait's closure, the U.S. and its allies would not be able to reopen the route, and warned America not to attempt any "military adventurism."

    Another senior lawmaker, Heshmatollah Falahatpisheh, said Iran has the right to shutter Hormuz in retaliation for oil sanctions and that the closure was increasingly probable, according to the semiofficial Mehr news agency.

    "In case of threat, the closure of the Strait of Hormuz is one of Iran's rights," Falahatpisheh said. "So far, Iran has not used this privilege."

    Monday's EU measure also includes a freeze on the assets of Iran's central bank as part of sanctions meant to pressure Tehran to resume talks on its uranium enrichment, a process that can lead to making nuclear weapons. Iran insists its nuclear program is exclusively for peaceful purposes.

    ...For its part, the United States has enacted, but not yet put into force, sanctions targeting Iran's central bank and, by extension, the country's ability to be paid for its oil.

    Some 80 percent of Iran's oil revenue comes from exports and any measures or sanctions taken that affect its ability to export oil could hit hard at its economy. With about 4 million barrels per day, Iran is the second largest producer in OPEC.

    Reflecting the uncertainties, on Monday the Iranian currency, the rial, fell to a new low, trading at nearly 21,000 to the dollar, a five percent drop since Saturday and 14 percent since Friday, currency dealers said. A year ago the rial was trading at 10,500 to the dollar.

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    Jan 24, 2012 10:24 PM GMT
    Iran summons Danish ambassador over EU oil embargo
    http://www.reuters.com/article/2012/01/24/us-iran-sanctions-ambassador-idUSTRE80N0RD20120124

    (Reuters) - Iran's foreign ministry summoned the Danish ambassador on Tuesday to complain about the European Union's "illogical decision" to ban imports of Iranian oil, the official IRNA news agency said.

    Denmark holds the rotating presidency of the 27-member EU, which decided on Monday to ban Iranian oil imports as part of the West's efforts to put pressure on Tehran to curb its nuclear program.

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    Jan 25, 2012 4:44 PM GMT
    U.K. hints at sending more ships near Iran
    http://www.cbsnews.com/8301-202_162-57364711/u.k-hints-at-sending-more-ships-near-iran

    TEHRAN, Iran - Military power near the strategic Strait of Hormuz could be bolstered by additional British forces, the country's defense secretary said Tuesday, as a defiant Iran shrugged off Europe's oil embargo and moved ahead with plans to hold naval exercises alongside the oil tanker shipping lanes it has threatened to block.

    Tehran's bravado was in sharp contrast to the widening international pressures seeking to curb its nuclear program.

    Australia became the latest country to shun Iranian oil, and the European Union's foreign policy chief traveled to Israel for talks certain to convey the West's belief that increasing economic isolation, rather than a push toward military action, is the most effective tool against Iran's leadership.

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    Jan 26, 2012 12:16 AM GMT
    southbeach1500 saidWhat happened to "Caesarea4" icon_question.gificon_question.gificon_question.gificon_question.gificon_question.gificon_question.gificon_question.gif


    RLD has been stalking him TOO so C4 is going 'undercover', hopefully not with RLD.
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    Jan 26, 2012 2:44 AM GMT
    freedomisntfree saidRLD has been stalking him TOO so C4 is going 'undercover', hopefully not with RLD.

    Well, RLD was the first to go back on my ignore list so he can stalk me all he wants.
    (If a troll makes a fool of himself in the forest and....)

    Just figured with Michigan back in the Top 10 I'd let my inner Wolverine out a bit.
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    Jan 26, 2012 2:45 AM GMT
    U.S. imposes sanctions on Iran’s third-largest bank
    Obama administration says new sanctions ‘will deepen Iran’s financial isolation’ and further impair its ability to finance its nuclear program.


    http://www.haaretz.com/news/middle-east/u-s-imposes-sanctions-on-iran-s-third-largest-bank-1.408946

    The United States on Monday sought to tighten the financial screws on Iran by imposing sanctions on the country's third-largest bank for allegedly helping Tehran develop its nuclear program.

    Now any foreign firm that deals with Iranian state-owned Bank Tejarat and its affiliate, Belarus-based Trade Capital Bank, will no longer be able to access the U.S. financial system.

    ...A senior U.S. Treasury official said he was optimistic that Europe would also blacklist Bank Tejarat, which has nearly 2,000 branches in Iran, as well as branches in France and Tajikistan.

    Tejarat was penalized for providing financial services to the Islamic Republic of Iran Shipping Lines and other entities already sanctioned for their involvement with the country's nuclear program.

    ...The United States is working to apply sanctions signed by President Barack Obama last year that seek to block countries and their institutions from dealing with the Iranian central bank.

    The aim is to starve Iran of revenues needed to develop nuclear weapons without disrupting jittery oil markets and impeding the U.S. economic recovery.
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    Mar 30, 2012 8:17 PM GMT
    Obama to Clear Way to Tighten Iranian Oil Sanctions

    http://www.nytimes.com/2012/03/31/business/global/obama-to-clear-way-to-expand-iranian-oil-sanctions.html?_r=1&ref=global-home

    President Obama has determined there is enough oil in world markets to allow countries to rely less on imports from Iran, a step that could increase Western actions to deter Tehran’s nuclear ambitions, an administration official said Friday.

    ...He made the decision after consultations with a number of oil exporters that had agreed to increase production. The decision comes even as gas prices have risen in recent months, a rise that his political advisers say could hamper his re-election efforts.

    The new sanctions, passed as part of the defense budget and mandated by the Senate in a rare 100-to-0 vote, penalize foreign corporations or other entities that purchase oil from Iran’s central bank, which collects payment for most of the country’s energy exports. The penalties are meant to pressure Iran to curb its nuclear program.

    The law includes loopholes that allow Mr. Obama to waive the measures if they threaten national security or if gas prices increase.

    ...since the law was enacted in December, the White House has engaged in a broad effort to prevent supply disruptions that might cause prices to spike and to persuade countries around the world to buy less oil and demand discounts from Iran. In the last three months, a number of high-ranking officials, including Timothy F. Geithner, the Treasury secretary, have traveled around the world to rally support for the sanctions.

    Countries including Saudi Arabia have increased production to make up for any lost production from Iran. “There is no rational reason why oil prices are continuing to remain at these high levels,” the Saudi oil minister, Ali Naimi, wrote in an opinion article in The Financial Times this week. “I hope by speaking out on the issue that our intentions — and capabilities — are clear. We want to see stronger European growth and realize that reasonable crude oil prices are key to this.”

    American officials have also discussed a coordinated release of oil from national strategic reserves along with French and British officials, as publicly confirmed on Thursday by the French prime minister, François Fillon.

    ,,,In a statement, Secretary of State Hillary Rodham Clinton said that the country had “made progress in shrinking Iran’s oil export markets and isolating its Central Bank from the world financial system.”

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    Mar 30, 2012 9:01 PM GMT
    Wolverine4 said
    freedomisntfree saidRLD has been stalking him TOO so C4 is going 'undercover', hopefully not with RLD.

    Well, RLD was the first to go back on my ignore list so he can stalk me all he wants.
    (If a troll makes a fool of himself in the forest and....)

    Just figured with Michigan back in the Top 10 I'd let my inner Wolverine out a bit.


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    Just so LIL'AIPAC (the old C4) and the Old GEEZER (freedmisn'tree) knows I'm back from an extended trip to be sure the two or your Lies for your cause are always exposed. The Always arrogant and obnoxious pain in the ass LIL'AIPAC likes to 'ignore' facts and so uses lies to justify ignoring what the truth is that he and what few followers he has left don't want to hear or read. LOL, so keep right on ignoring, because you hurt only your cause. not the cause of exposing the truth.


    By the way, there's a few questions you've never answered.

    1. When are you going to accept that its propaganda lies that have built up Iran to be such a threat, the same type lies that the Israeli Neo Cons used to persuade Bush to go to war with Iraq.

    2. When is Israel going to submit to inspections of its its Nuclear programs and of its actual Nuclear Warheads ?

    3. Is Israel somehow special so it doesn't need to submit what it expects all its neighbors to submit to ?

    4. Why won't Israel sign the Nuclear Nonproliferation treaty?

    5. Why won't Israel accept the 10 year standing offer by the Arab League which included Iran to ban all Nuclear WarHeads from the Middle East ?

    6. Will these Oil sanctions stop China, Pakistan, India, several states in the EU, and Russia from buying Iranian oil ?

    7. Aren't these supposed sanctions just Obama's window dressing to keep on the good side of the Israeli Lobby AIPAC and Netanyahu so he can have the American Jewish and christian Fundamentalist Vote ?


    8. I think the US interests would be far better served if the Israeli Lobby AIPAC were labeled a foreign entity and kept out of our halls of congress where they daily pressure Congressmen and Senators to go along with 'Carte Blanche' adherence to whatever actions of Israel it backs. What do you think LIL'AIPAC ?

    9. Lastly is it trolling to point out reality by asking the above questions ?


    You may ignore this but other readers get the point.