Oil ministry fears retaliation to EU embargo would harm Iran more than Europe

More bloodshed in Syria, protests in Egypt, and a ramping up of tensions between Israel and Iran. It would be hard to think of a more dangerous period in this the most contentious region on the planet, which given its location at the epicentre of the ongoing struggle over control of the planet’s natural resources

Will they or won’t they? Most political parlour games involve a question of this kind and the one about whether Israel will strike Iran – played out regularly in Washington, London and Paris – is no exception. The last couple of days have seen more sabre-rattling than before. Israeli Vice Premier Moshe Yaalon, who heads the Strategic Affairs Ministry, and is a former commander of...

For all the nonsense about talks and engagement with Iran, nothing has changed and if anything, the Islamic Republic is upping the ante. The Iranians are still barring UN inspectors from their nuclear sites in spite of three days of talks with Western diplomats The reaction of the West , of course, is to wait to see what happens at more talks scheduled later in the month - the same pattern the Ira...

Tel Aviv’s rising rhetoric does not indicate an imminent attack because the US would likely veto such action, particularly as sanctions hit Tehran

Our Secretary of Defense, in action: Panetta believes there is strong likelihood that Israel will strike Iran in April, May or June — before Iran enters what Israelis described as a “zone of immunity” to commence building a nuclear bomb. Very soon, the Israelis fear, the Iranians will have enough enriched uranium in deep underground facilities to make a weapon — and only th...

Iran is more willing to launch terrorist attacks inside the US in response to perceived threats to the regime in Tehran, America’s top intelligence official told Congress

Executives and diplomats are worried that stopping exports to Athens could be part of Tehran’s retaliation plan

India, the world's fourth largest oil consumer has informed the US and Europe that it will not participate in the embargo on Iranian oil scheduled to start - if it starts - this summer. "It is not possible for India to take any decision to reduce the imports from Iran drastically, because among the countries which can provide the requirement of the emerging economies, Iran is an important cou...

Iran’s oil minister says his country has a market for oil exports even with cuts to Europe and will face no problem with European embargo