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Iran ‘will sell oil to new customers’, stops oil sales to France and Britain

Iran has halted oil sales to British and French companies, the nation's oil ministry has said. [caption id="attachment_5841" align="alignright" width="300" caption="Gas flares from an oil production platform at the Soroush oil fields"][/caption] A spokesman was reported as saying on the ministry's website that Iran would "sell our oil to new customers". European Union member states had earlier agreed to sto ...

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Iran: Supreme Leader calls for Israel to be ‘punished’

Major powers signaled on Friday their willingness to reopen talks about curbing Iran's suspected pursuit of nuclear weapons but said Tehran must show it is serious about any negotiations. The focus on diplomacy follows weeks of rising tensions between the West, which is seeking to cut Iran's oil sales, and Tehran, which has threatened to close the Strait of Hormuz through which almost one-fifth of oil trade ...

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Could Iran close down the Strait of Hormuz?

The last time Iran tried to close the Strait of Hormuz, the trade artery linking the oil-rich Gulf states to the outside world, the Revolutionary Guards had only a few rubber dinghies and primitive mines to achieve their goals. Next time, they will be far better prepared. [caption id="attachment_4734" align="alignright" width="300" caption="The Iranian military has spent much of the past two decades overhau ...

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Iran: test-firing of more missiles in Gulf exercises

Iran says it has successfully test-fired three more missiles on the final day of naval exercises in the Gulf. [caption id="attachment_4643" align="alignright" width="300" caption="Iran fires test missile during Exercises"][/caption] State media reported Iran had fired a shore-to-sea Qader cruise missile, a shorter range Nasr and later, a surface-to surface Nour missile. A medium-range surface-to-air missile ...

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Iran’s supreme leader defiant in the face of western sanctions

Iran's supreme leader Ayatollah Ali Khamenei said Sunday that Iran has been successful in the face of western sanctions. [caption id="attachment_4613" align="alignright" width="300" caption="Ayatollah Ali Khamenei, the man who wields ultimate power in Iran."][/caption] Khamenei said the Islamic republic has achieved "eye-catching success" in its confrontation with western powers and their economic and propa ...

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Iran test fires missile and reports nuclear progress as sanctions loom

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. [caption id="attachment_4609" align="alignright" width="300" caption="Missile firing test by Iran in Gulf"][/caption] U.S. President Barack Obama signed a law on ...

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