Iran’s Supreme Leader decides whether to close Strait of Hormuz: military official

Laaska News  July  16,  2012

By  (Xinhua)

TEHRAN, July 15 — The chairman of the Joint Chief of Staff of Iran’s Armed Forces said Sunday Iran’s Supreme Leader has the final say on closing the Strait of Hormuz, one of the most crucial waterways for shipping crude oil.

Iran’s armed forces have contingency plans for every scenario, but whether to block the Strait of Hormuz will be decided by the Supreme Leader Seyyed Ali Khamenei, Major General Hassan Firouzabadi was quoted by Iran’s Press TV as saying.

U.S. President extends sanctions against Iran

U.S. President Barack Obama has signed an order to extend sanctions against Iran that were imposed in 1995, the White House reported on Tuesday.

Japan to ban trade with Iran’s Bank Tejarat

The Japanese government will impose additional sanctions against Iran, banning its 3rd largest bank from trading with Japanese financial institutions. Iran continues to develop its nuclear program despite UN sanctions.

Iran stops oil sales to British, French companies

Laaska News Feb. 19, 2012

Iran has stopped selling crude to British and French companies, an oil ministry spokesman said, the ministry’s website reported on Sunday.

Iran Oo Joojinaysa Inay Saliid Ka Iibiso Shirkadaha Ingiriiska,Faransiiska

Laaska News Feb. 19, 2012

Iran waxay joojinaysaa in ay ka iibiso saliid cayriin shirkadaha Ingiriiska iyo Faransiiska ,sida uu sheegay afhayeenka wasaaradda saliidda (shidaalka),laguna qoray shabakad ay leedahay wasaaradda shidaalku.

JX will cut oil imports from Iran

Laaska News  Feb. 7, 2012

Japanese oil wholesaler JX Nippon Oil & Energy says it will not renew one of its crude oil contracts with Iran. The contract is set to expire in April.

The United States is asking Japan to reduce its reliance on Iranian oil as part of sanctions against the country.

Iran to ban EU imports

Laaska News  Jan 29, 2012

Iran may stop importing goods from the EU as early as next week. As stated on Saturday, by the Deputy Chairman of the Majlis or (parliament) Energy Commission Nasser Sudani, the parliamentarians have completed work on a bill to ban on oil supplies to the EU.

China and Russia to gain the most from Iranian oil ban

Laaska News Jan 27, 2012

Photo: EPA  

As the European Union prepares to ban Iranian oil and the United States turns the screw on payments, oil executives and policymakers say China and Russia stand to gain the most and Western oil firms and consumers may emerge the biggest losers.

US asks China to cooperate in sanctions on Iran

Laaska News Jan 27, 2012

The United States is calling on China to cooperate in sanctions against Iran and to block Iran’s exports of crude oil.

Under Secretary of State Wendy Sherman met Chinese Vice Foreign Minister Cui Tiankai in Washington on Thursday. Details of the meeting have not been released.

‘Iran sanctions will backfire’ – Minister

Laaska News Jan 24, 2011

Photo: EPA

Iranian Interior Minister Mostafa Mohammad Najar believes that the EU’s new sanctions against Tehran will not work and will even hit the European economy itself.