Results tagged “Iran”
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As Western oil sanctions take effect, Iran began shutting down oil production. Government censors warned Iranian media not to report negative economic news. To counter an Iranian threat to close the Gulf of Hormuz, the US deployed a floating operating base, mine sweepers, and sea drones to the Persian Gulf.
Iran accused French and German spy services of cooperating with the US and Israel in the assassination of Iranian nuclear scientists. An Iran state TV poll revealed a majority of Iranians wanted its nuclear program stopped in return for a lifting of economic sanctions.
Sanctions against Iranian oil exports took effect. Iran said it had a stockpile of money and goods to weather the sanctions. However, food prices and unemployment have risen. Iran called for an emergency OPEC meeting as oil prices fell.