January 31, 2013

Is the U.S. Violating Its Own Iran Sanctions?

Brian Fung, The Atlantic

AP Photo

It's hard to think of another case where sanctions have had such drastic effects on a country's economy so quickly. Iran used to export 2.14 million barrels of oil every day; that was two years ago. Now that number stands at some 890,000. The value of the rial has crashed, and the IMF reports that Iran's economy has shrunk for the first time in more than two decades. Even Mahmoud Ahmadinejad admits the country is feeling the pressure.

Read Full Article ››

TAGGED: United States, Sanctions, oil, Iran

RECOMMENDED ARTICLES

As a permanent member of the Security Council and a regional neighbor, China should strongly urge North Korea to stop threatening the international community. The underlying reason why China agreed to adopting a U.N. resolution... more ››
January 30, 2013
U.S., Saudis Headed for Divorce?
Thomas Lippman, Montreal Review
Here in a nutshell is Saudi Arabia's problem: now a developed country, it consumes vast amounts of electricity, for air conditioning, household use, industry and the immense desalination plants that provide almost all drinking... more ››
January 30, 2013
Obama Dashes Canada's Energy Superpower Hopes
Carol Goar, The Star
The bottom line is clear: Canada needs the Keystone XL pipeline more than the U.S. does. more ››
January 29, 2013
How Iraq Became an Oil Industry Proxy War
Steve LeVine, Quartz
For more than a year, ExxonMobil has stood as the backbone of Kurdistan politics, validating its independence as a global petro-player. Now, BP has taken up the mantle for the opposing side, shoring up Baghdad in a tense standoff... more ››
Obama's inauguration address should include some specific references to action in Palestine, Iran and Syria. more ››