TOP STORIES
In early January, Tunisia and Iran witnessed remarkably
similar periods of spontaneous and widespread unrest... Although the
scale of Iran's initial unrest captured much of the world's
attention, policymakers and investors would be well advised to consider
the two events together. To do so shows that protests in each country
were driven by the same complaints that ignited the Arab Spring,
leaving few doubts that the region remains susceptible to further and
sudden fractures.
Iran risks new penalties in June if it doesn't bolster
oversight of terrorism financing and money laundering within its
borders, the Financial Action Task Force said Friday. Tehran failed
to secure support to remove it from a global terror-finance blacklist.
Its bid to exit the international standards-setting body's blacklist
had gained traction in some European capitals in the months leading
up to a plenary meeting of the task force this week. Companies and
governments have cited the FATF listing as a reason to hold back
investment in the Iranian economy in the years since the landmark
2015 nuclear deal... But a flurry of visits by a top U.S. Treasury
Department official last week to Germany France, Belgium and the
Netherlands tempered European support for Iran, according to people
familiar with the matter. The administration warned that keeping Iran
on the FATF terrorism-finance list is a top priority, and that
Washington would aggressively pursue that policy.
Iran said pro-Damascus forces would press ahead with
attacks on an insurgent enclave near the Syrian capital, as ground
fighting raged on there in defiance of a U.N. resolution demanding a
30-day truce across the country.
IRAN NUCLEAR DEAL
Europeans Look
for a Way to Preserve Nuclear Deal While Punishing Iran and
Satisfying Trump | Washington Post
When French President Emmanuel Macron called this month for new
international sanctions and "surveillance" over Iran's
ballistic missile program, there was one person in particular he
hoped was listening. France, Germany and Britain have been scrambling
for months to convince President Trump that they want to join him in
cracking down on bad Iranian behavior - missile tests, terrorism
support and regional meddling. If they can sway him, they hope he
will agree to preserve intact the 2015 Iran nuclear agreement he has
argued is fatally flawed.
President Trump's threat to rip up the Iran nuclear deal
has touched off an urgent scramble in European capitals to preserve
the agreement - not by rewriting it, but by creating a successor deal
that would halt Iran's ballistic missile program and make permanent
the restrictions on its ability to produce nuclear fuel.
BUSINESS RISK
If you are a fan of unintentional comedy, I recommend
checking out the Financial Action Task Force. This is the global
organization of big banks and government agencies dedicated to
combating money laundering and terrorism finance. This week it met in
Paris to discuss, among other things, whether or not Iran's banking
system should receive a clean bill of health... [T]the world body
dedicated to stopping the finance of terrorism punted. In the dry
prose of bureaucrats, it called on Iran to "fully address its
remaining action items"... And yet, the door remains open if the
world's leading state sponsor of terrorism could just address some of
these technical details.
IRANIAN REGIONAL AGGRESSION
Russia has laid the groundwork for a likely veto on
Monday of a British, U.S. and French bid for the United Nations
Security Council to call out Iran over its weapons falling into the
hands of Yemen's Houthi group.
FOREIGN AFFAIRS
Iran's supreme leader has signalled a decisive shift in
favour of relations with China and Russia, indicating that patience
is running out with efforts to improve ties with the West.
IRANIAN INTERNAL DEVELOPMENTS
A newly built avant-garde mosque in the heart of Iran's
capital would have hard-liners shouting from the minarets - if there
were any. The architects behind the Vali-e-Asr mosque dispensed with
the traditional rounded domes and towering minarets, opting instead
for a modern design of undulating waves of gray stone and concrete...
The new structure has infuriated hard-liners, who see it as part of a
creeping secular onslaught on the Islamic republic. An editorial
posted on the Mashregh news website compared the curvature to that of
a Jewish yarmulke, accusing authorities of "treason" for
approving it.
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