Russia pressed its case against new sanctions over Iran's nuclear programme on Friday, saying an European Union ban on purchasing Iranian oil would end up hurting the bloc's member countries.
'The European Union is rejecting pu
Iran has assured Kuwait it will not try to close the vital Strait of Hormuz shipping route, Kuwait's ruler said in remarks carried by state-run news agency Kuna on Tuesday.
Sheikh Sabah Al-Ahmad Al-Sabah said Kuwait nevertheless had been w
Iran's supreme leader threatened on Friday to retaliate against the West for sanctions, a day after a US newspaper said defence secretary Leon Panetta believed Israel was likely to bomb Iran within months to stop it building a nuclear bomb.
Iran's Supreme Leader Ayatollah Ali Khamenei said on Friday the Islamic Republic would not yield to international pressure to abandon its nuclear course, threatening retaliation for sanctions aimed at Iran's oil exports.
Fighting sanctions with sanctions in a trial of strength with the West over its nuclear ambitions, Iran has warned it may halt oil exports to Europe next week in a move calculated to hurt ailing European economies.
At the same time, the go
European Union ambassadors agreed on Monday to impose an embargo on Iranian oil imports, but decided to delay the full implemention of the ban until July 1, an EU diplomat said.
Their agreement was the final step before EU foreign minister
The European Union tightened sanctions against Iran and laid out plans for a possible embargo of its oil in response to mounting Western suspicions that Tehran plans to build nuclear weapons.
China, the biggest buyer of Iranian crude, step
Britain will support an embargo on Iranian oil imports following the deterioration of relations between the two countries, diplomatic sources told Reuters, as France tried to rally support for new sanctions within the EU.
Britain shut dow