Iran threatens higher oil prices, says “No way will it fall below $100”

“Iran can have an effect on world energy and fuel. Fuel prices will go up dramatically. If sanctions are not removed, particularly sanctions against banks and other economic sanctions, the price of oil will go above $150 a barrel.”-Mahmoud Bahmani, Iran’s central bank

A top U.S. Federal Reserve official said that gasoline […] Continue Reading…

Iran and Pakistan speed up pipeline development, Germany onboard

The Iran-Pak (or Pak-Iran) Gas pipeline just got a boost from Germany.  A German company signed a deal to lay the new pipeline between Pakistan and Iran.

The German company might be ILF Consulting Engineers, who were hired to do a feasibility study earlier in the month of April.

The pipeline will begin from Iran’s Assalouyeh […] Continue Reading…

Iran and Germany sign Gas deal, so much for U.S. backed UN sanctions

Germany has agreed to provide Iran with the latest technology and training, to take advantage of the South Pars natural gas fields in Iran.

Iran is also working with several European countries for similar deals: “We are in talks with many foreign companies to attract U.S.$20 billion of investment.”-Mahmoud Zirakchianzadeh, Managing-Director of the National […] Continue Reading…

Iran says U.S. led military actions cause of World Instability, part of Control though Chaos

“Military buildup does not result in energy security, rather it causes instability in the energy market.”-Massoud Mir-Kazzemi, Iranian Oil Minister

Mir-Kazzemi says the West’s militant approach to world issues is the root cause of instability in the global energy market.  The U.S. does not have an interest in creating “win-win” situations.

Iran suggests that the […] Continue Reading…

Construction workers kidnapped in Afghanistan

12 Iranian construction workers were kidnapped in Afghanistan.  They were building a police training center.

Iran blames “foreigners” which could refer to Western forces, or to al Qaeda.  The Iranian government did not specify.

In the last few years Iran and Afghanistan have made major economic deals, including construction programs and gas/oil shipments.

In the late 1990s, […] Continue Reading…

News you didn't know mattered