Iran reports nuclear progress as sanctions loom


Iran reports nuclear progress as sanctions loom

By Parisa Hafezi

Reuters

January 1, 2012

TEHRAN (Reuters) – – Iran announced a nuclear fuel breakthrough and test-fired a new radar-evading medium-range missile in the Gulf on Sunday, moves that could further antagonize the West at a time when Tehran is trying to avert harsh new sanctions on its oil industry.

U.S. President Barack Obama signed a law on Saturday imposing tougher financial sanctions to penalize Iran for a nuclear research programme that the West suspects is aimed at developing nuclear weapons.

The move could for the first time hurt Tehran’s oil exports, and the European Union is due to consider similar steps soon.

As tensions have risen, Iran threatened last week to close the Strait of Hormuz, a narrow Gulf shipping lane through which 40 percent of world oil flows, if sanctions hit its oil exports.

At the same time, it signaled on Saturday that it was ready to resume stalled international talks on its nuclear programme.

Click Here to Read More

Advertisements

About partisanrangershow

Freedom fighter
This entry was posted in Hot Topics, The Warfare State. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s