Friday, May 11, 2012

Eye on Iran: UK Bank Standard Chartered Exits Iran Amid International Pressure






For continuing coverage follow us on Twitter and join our Facebook group.
  

Top Stories


WSJ: "Standard Chartered PLC has pulled out of Iran after decades of having a presence, the latest bank to exit the lucrative market amid mounting international pressure. The departure of the bank comes as sanctions have forced most western banks to sever or downgrade ties with Iran. Though Standard Chartered had signaled in 2007 it would stop taking any new business in the Islamic Republic after coming under U.S. pressure, it had continued to retain offices in Tehran and on the island of Kish... Kristen Silverberg, the newly appointed president of New York-based pressure group United Against Nuclear Iran, welcomed Standard Chartered's decision to end its business in Iran. 'We call on other banks around the world to follow Standard Chartered by pulling out of Iran, and completely cut off the regime's access to international markets,' said Ms Silverberg, a former U.S. ambassador to the European Union." http://t.uani.com/JfzRVX

NYT: "Britain said Thursday that it was in talks with other European Union members about possibly easing a provision of their Iran oil embargo, set to begin in less than two months, that could cause harmful and unintended side effects because it bans Europe-based insurers from covering any ships that carry Iranian oil anywhere in the world. Such an easing would most likely be welcomed by Iran as well as non-European buyers of Iranian oil, and it could reduce a potential cause of spiking oil prices. But advocates of aggressive sanctions against Iran argue that it could also subvert the underlying purpose of pressuring Iran, a major exporter of oil. Most of Iran's estimated 2.2 million barrels of daily oil production goes to Asia... Proponents of the sanctions, reacting to a possible delay in the insurance ban, were angry. 'Iran's economy is feeling the impact of international sanctions, and it is now time to not only keep that pressure on, but increase it,' Mark D. Wallace, the chief executive of United Against Nuclear Iran, a New York-based advocacy group, said in a statement. 'The regime will not change course due to half measures.'" http://t.uani.com/JF7ZLz

WSJ: "Iranian crude oil exports fell sharply again in April and could be down by as much as one million barrels a day this quarter as many countries reduce imports ahead of sanctions that come into effect on July 1, the International Energy Agency said Friday. Iran's oil production remained steady at 3.3 million barrels a day in April, but 15% to 25% of that oil wasn't sold and had to be pumped into floating tanker storage, the IEA said, a process the country could continue for a couple of months before filling its storage and having to shut down fields, according to David Fyfe, head of the IEA's oil markets division. This fresh data from the IEA, which represents the interests of major energy-consuming rich countries, shows how the economic pressure of Western sanctions is ratcheting up ahead of crucial talks on Iran's nuclear program in Baghdad later this month." http://t.uani.com/J339tL


Nissan Banner

    
Nuclear Program  & Sanctions 

Reuters: "A top U.S. Treasury official said on Thursday that he was skeptical that Iran could find an alternative payment system to its central bank, which is the target of U.S. sanctions aimed at depriving Tehran of funds needed to develop its nuclear program. 'It's fair to say that we are going to be very skeptical about efforts to develop alternative payment methods,' David Cohen, Treasury's Undersecretary for Terrorism and Financial Intelligence, said at an event in Washington. 'Our presumption going in is anyone buying oil from Iran is ultimately paying the central bank of Iran, even if there is some intermediary step,' he told the Center for Strategic and International Studies think-tank." http://t.uani.com/LwdOKo

Reuters: "European shipowners could violate impending EU sanctions against Iran without even knowing it every time they set sail, leaving them vulnerable to being blacklisted, the managing director of leading industry group Intertanko said on Friday. Vessels ranging from tankers to dry bulk vessels to containers run the risk of falling foul of the sanctions every time they refuel, because fuel from various origins - including Iran - are blended at trading hubs, Katharina Stanzel, who takes her role in July, told Reuters. Intertanko's members own the majority of the world's tanker fleet. 'For us, it is a huge problem ... it's really difficult to say is it or is it not (from Iran),' Stanzel said ahead of an industry conference in Singapore... A Singapore-based bunker trader said that shipowners were starting to require assurances from bunker suppliers that the fuel did not originate from Iran." http://t.uani.com/LwmFvI

Haaretz: "A lawsuit based on a testimony of a disgruntled employee exposed an alleged attempt by a South African firm to win a contract in Iran, by promising to get the South African government to provide diplomatic and military support to the Islamic Republic. The $4.2 billion dollar lawsuit was filed earlier this year in U.S. Federal Court by the Turkish cellular company, Turkcell, against South African Mobile Telephone Network (MTN). Both companies had been competing to win the license to supply Iran with a global system for mobile communication. It's not clear yet whether the American court will agree to hear the case, but the key witness came to Washington this week, to verify documents for an deposition. If the documents prove to be authentic, they will reveal an a disturbing case of bribes used to influence the foreign policy of a large country." http://t.uani.com/Kf3HM9

Bloomberg: "Iran is pursuing work on a nuclear warhead, Die Welt said, citing a report by the People's Mujahadeen and a member of the opposition group.  Scientists are carrying out research in a five-floor building in Tehran's Pars neighborhood and conducting testing at Iran's Parchin site, the group said in a report it says is based on information obtained from people within the Iranian government and military, the Berlin-based newspaper said today." http://t.uani.com/JoWcjd

Human Rights

MSNBC: "There is disturbing news to report from Iran, where cartoonist Mahmoud Shokraiyeh has been sentenced to 25 lashings for drawing a member of parliament wearing a football jersey. That's right - he's going to be whipped for drawing a cartoon. While it's nothing new for repressive governments to crack down on press freedoms and punish cartoonists, in Iran this incident seems like an escalation not only because of the harsh punishment, but because Shokraiyeh's cartoon didn't have anything to do with religious issues. Even more unsettling is that under Chapter 27 of the 'Islamic Penal Code of Iran,' anyone who 'wrongfully' libels through print media can be subjected to '74 lashes' and imprisonment from one month to a year." http://t.uani.com/JlOia5

Fox News: "The Christian pastor on death row in Iran has reportedly written a letter thanking his supporters and blasting those who he said use 'insulting words' against Islam in what he considers a misguided effort to help his cause. Washington-based human rights group American Center for Law and Justice released what it says is a letter written by Youcef Nadarkhani earlier this week from a prison in the Lakan Province of Iran, where he is currently being held for charges of practicing Christianity and renouncing Islam. If the letter is real, it is the first time Nadarkhani has been heard from in a year. 'First, I would like to inform all of my beloved brothers and sisters that I am in perfect health in the flesh and spirit,' begins the letter, which is addressed to 'All those who are concerned and worried about my current situation.'" http://t.uani.com/K610vc

Foreign Affairs

Reuters: "The Islamist movement Hamas will not let itself be dragged into a war against Israel if it attacks the nuclear facilities of Hamas ally Iran, Gaza leader Ismail Haniyeh said on Thursday. 'Hamas is a Palestinian movement that acts within the Palestinian arena and it carries out its political and field actions in a way that suits the interests of the Palestinian people,' he said at his headquarters in the enclave. 'Iran did not ask anything from us and we think Iran is not in need of us,' the prime minister of the Hamas government told Reuters in an interview." http://t.uani.com/Kt1uLo

Opinion & Analysis


Maseh Zarif in The Weekly Standard: "The Obama administration's recent focus on finding a compromise to allow the Iranian regime to maintain some enrichment capabilities 'for peaceful purposes' distracts from the underlying nuclear threat at hand. Any outcome short of the verifiable dismantling and end of the Iranian nuclear program (including the removal of all nuclear material) will leave Tehran at the threshold of a nuclear weapons capability that will pose a threat to American interests and global security. President Barack Obama said in March that a diplomatic resolution with Iran could give the regime 'access to peaceful nuclear energy.' Likewise, Secretary of State Hillary Clinton said less than one week later that the Iranian regime could demonstrate its supposed peaceful intent simply by ending its development of 20 percent uranium enrichment, transferring the stockpile of that material from Iran, and agreeing to continuous inspections. Implicit in Obama's and Clinton's positions is some sort of notion that Iran could retain certain nuclear capabilities-an admission that the administration has essentially given up on preventing Iran from further enriching uranium or demanding an immediate and sustained suspension of enrichment and other activities. These statements, apart from ceding previous red lines, are shortsighted in their embrace of faulty assumptions about nuclear programs and dismiss the unique circumstances of the Iranian regime's nuclear activities. It's worth rememebering what Albert Wolhstetter and others wrote in the 1970s, in a report for the Arms Control and Disarmament Agency: 'It would be nice if there were a simple dichotomy between safe and dangerous nuclear activities: on the one hand safe, economic, civilian, non-military, peaceful activities that are to be promoted, and on the other dangerous military activities threatening war, a net drain, even in peace-time, on the productive life of humanity and therefore to be not merely discouraged, but banned...But unfortunately all these good things do not come in a cluster distinct from the bad ones...There are not two atoms, one peaceful and one military. They are the same atom.' The general lesson to draw here is straightforward: Any nuclear undertaking, particularly one that includes fuel cycle activities such as uranium enrichment and reactor development, reduces the technological barriers to developing nuclear weapons technology and affords states an expedited path to acquiring nuclear weapons. That proliferation risk is inherent irrespective of past behavior or the intent of the state in question." http://t.uani.com/JiYlAo

Anthony Cordesman in CSIS: "We badly need to rethink our approach to Iran's nuclear programs. We are putting far too much emphasis on Iran's nuclear efforts without considering how these programs fit into Iran's over military and strategic objectives. At the same time, we are placing too much emphasis on whether Iran has revived its formal nuclear program and the current shape of its nuclear facilities. The ironic result is to put too much emphasis on both the wrong form of arms control negotiations and preventive military strikes. To begin, it is essential to understand that Iran has moved far beyond the point where it lacked the technology base to produce nuclear weapons, or where searching through the statements of senior Iranian officials provides any meaningful picture of its progress and intentions. Iran has pursued every major area of nuclear weapons development, has carried out programs that have already given it every component of a weapon except fissile material, and there is strong evidence that it has carried out programs to integrate a nuclear warhead on to its missiles. The threat Iran's nuclear efforts pose are not simply a matter of its present ability to enrich uranium to 20% U-235, and efforts to control its enrichment activities will not halt its ability to move forward in many areas even if its current enrichment facilities and stocks of highly enriched uranium are fully secured. Iran's efforts are part of a far broader range of efforts that have already brought it to the point where it can pursue nuclear weapons development through a range of compartmented and easily concealable programs without a formal weapons program, and even if it suspends enrichment activity. These are also programs that have been examined in depth in recent reports by the International Atomic Energy Agency (IAEA)." http://t.uani.com/JFfsdA

Matthew Levitt in WINEP: "World attention on Iran centers on the threats to international security posed by the country's nuclear program. As Iran presses on in its efforts to become a nuclear power, the regime in Tehran also employs an aggressive foreign policy that relies heavily on the deployment of clandestine assets abroad to collect intelligence and support foreign operations, all of which are aimed at furthering Iranian foreign policy interests. From a U.S. perspective, Iran's massive diplomatic presence in the Western Hemisphere presents a particularly acute problem. In response to Iran's abuse of the diplomatic system, the international community should collectively press our friends and allies in Latin America to severely restrict the size of Iran's diplomatic missions to the minimum needed to conduct official business." http://t.uani.com/IYeTMM

Eye on Iran is a periodic news summary from United Against Nuclear Iran (UANI) a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. Eye on Iran is not intended as a comprehensive media clips summary but rather a selection of media elements with discreet analysis in a PDA friendly format. For more information please email Press@UnitedAgainstNuclearIran.com

United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons.  UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons.

No comments:

Post a Comment