Iran

4:22pm

Mon January 23, 2012
Europe

EU Squeezes Iran With New Oil Sanctions

The EU has agreed to an embargo on buying oil from Iran in the latest sanction against that country for its nuclear program. Catherine Ashton, the EU foreign policy chief, speaks here in Brussels on Monday following a meeting of EU foreign ministers.
Virginia Mayo AP

The battle over Iran's nuclear program escalated Monday as the European Union announced an embargo on importing oil from Iran.

For years, Europe has been reluctant to join the United States in imposing tough sanctions on Iran. The United States years ago stopped buying Iranian oil, while European nations including France, Spain, Italy, and Greece kept up their purchases. European countries right now buy about 600,000 barrels of oil per day from Iran.

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5:24am

Mon January 23, 2012
The Two-Way

EU Approves Embargo On Iranian Oil

Originally published on Mon January 23, 2012 10:06 am

The European Union officially agreed to impose an embargo on Iranian oil, today. The AP reports that the union's 27 foreign ministers agreed on an immediate ban on new contracts for oil and existing contracts will be allowed to run through July 1.

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4:01am

Sat January 21, 2012
World

China Hedges Mideast Oil Bets Amid Iran Tensions

Originally published on Sat January 21, 2012 8:35 pm

China appears to be rethinking its reliance on oil from Iran. Here, Chinese Premier Wen Jiabao (right) visits with the members of the Saudi Arabia-China Friendship Association on the outskirt of Riyadh, Saudi Arabia, earlier this month.
Liu Weibing Xinhua /Landov

China's premier, Wen Jiabao, was in the Persian Gulf this week talking about oil.

China has become increasingly concerned about all the threats of conflict with Iran in the Persian Gulf, which supplies China with a great deal of its oil.

In fact, China is Iran's biggest customer. But Iran was not a stop on the Chinese itinerary — Saudi Arabia and the United Arab Emirates were.

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10:49am

Fri January 20, 2012
Middle East

Israeli And Arab Hackers Square Off In Cyberbattle

Originally published on Tue April 17, 2012 11:16 am

The websites of Israel's El Al airline and the Tel Aviv Stock Exchange were knocked offline Monday, just hours after a Saudi Arabian hacker threatened to act against them. Israeli hackers responded by crashing the Saudi stock exchange. Here, a man walks past an El Al office in Tel Aviv on Monday.
Jack Guez AFP/Getty Images

An online battle is raging between Israelis and Arabs, with each side unveiling credit card and other personal information of thousands of private citizens, as well as temporarily disabling high-profile websites, like the Tel Aviv and Saudi Arabian stock exchanges.

So far, the recent Web assaults seem to be the work of bored young people venting frustration. But others worry that these actions could easily escalate into a much larger online fight.

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8:57am

Thu January 19, 2012
Middle East

U.S. To Israel: Give Iranian Sanctions A Chance

Originally published on Sat January 21, 2012 8:22 am

The chairman of the U.S. Joint Chiefs of Staff, Gen. Martin Dempsey (left), is in Israel to talk about the growing tension with Iran. Here, Dempsey speaks with Israel's top military officer, Lt. Gen. Benjamin Gantz, during a meeting at NATO headquarters in Brussels on Wednesday.
Virginia Mayo AP

The nation's top military officer, Gen. Martin Dempsey, is in Israel where he's expected to send a clear message: Don't attack Iran, and let the tougher sanctions take hold.

Dempsey's trip to Israel was scheduled weeks ago, but it comes at a particularly sensitive time. Iran has threatened to close the Strait of Hormuz, the key route for oil shipments, and has stepped up its naval activities.

An Iranian nuclear scientist was recently killed by a drive-by assassin, and Iran is blaming Israel.

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