Insider news & Analysis in Iran

In coverage of the International Oil, Gas, and Petrochemical fair in Tehran, the AFP reported on Friday that the influx of foreign economic interest in Iran may pose a threat to China’s economic and energy security. The AFP explains that some Chinese companies moved into Iran when Western sanctions made European and American companies much less willing to do business in the Iranian theocracy.

On Tuesday, the United States Department of the Treasury announced that it is targeting the eight Chinese companies and two Dubai-based businessmen for sanctions enforcement related to their dealings with Iran. The Chinese companies are those headed by Li Fangwei, alias Karl Lee, who is also the subject of a $5 million bounty being offered by the Treasury.

At DailyKos, Richard Lyon takes a closer look at the increasingly close relations between Iran and Russia, and how it constitutes defiance of Western sanctions. He argues that the situation will ultimately pose a very serious threat to US hegemony and the status of the dollar as an international reserve currency. Read it here:

(Reuters) - Iran's crude oil exports fell for the first time in five months in March, and are slated to drop further in April, moving closer to the levels stipulated by November's temporary nuclear deal that eased some sanctions on Tehran.

Spanish police stated that they have arrested three Spanish and one Iranian who intended to send dual-use equipment to Iran. These four persons were arrested in the cities of Barcelona, Tarragona and Palma Dekayorka. They are charged with membership in criminal groups, money laundering, and smuggling equipments that have dual usage (military and industrial).

Menendez, Kirk call on Obama to bring back suspended sanctions if Iran, Russia violate temporary freeze of Iran's nuclear program. Source: Politicker NJ - U.S. Sen. Bob Menendez (D-NJ) and U.S. Sen. Mark Kirk (R-IL) wrote President Barack Obama on Monday asking him to warn Iran that suspended sanctions could be reimposed if the country tries to violate the November 2013 plan that established a short-term freeze of parts of Iran's nuclear program. 

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