Parisa Hafezi
Reuters
January 1, 2012

TEHRAN — Iran announced a nuclear fuel breakthrough and test-fired a new radar-evading medium-range missile in the Persian 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.

On Saturday, President Obama signed a law imposing tougher financial sanctions to penalize Iran for a nuclear research program that the West suspects is aimed at developing nuclear weapons.

The move could for the first time hurt Tehran’s oil exports; 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.

Read full article

The Save Infowars Super Sale is now live! Get up to 60% off our most popular products today!


Related Articles


Comments