Tuesday, March 27, 2018

Eye on Iran: Iran's Currency Nosedives to Record Low



   EYE ON IRAN
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TOP STORIES


Iran's rial fell to a record low Monday, breaking through the 50,000-to-the-dollar mark for the first time as analysts blamed uncertainty from Washington. The rial has lost around a quarter of its value in the past six months, hitting 50,860 against the U.S. dollar, according to Financial Informing Network, a trusted Iranian website for open market currency rates.  


A military Arab-led coalition Monday threatened retaliation against Iran, accusing the Shiite power of being behind a barrage of Yemeni rebel missile attacks on Saudi Arabia. 


A former undercover informant says he provided evidence to the FBI during President Obama's first term that Russia was assisting Iran's nuclear program even as billions in new U.S. business flowed to Moscow's uranium industry.

UANI IN THE NEWS


"The missile attack on Saudi Arabia by the Houthis this weekend provides even more evidence that the Iranian regime is continuing its efforts to incite conflict and further destabilization in the region," United Against Nuclear Iran Chairman Joe Lieberman, the former independent Connecticut senator, reacted. "The Iranian regime's continued aggression demonstrates the urgent need to hold the regime accountable by cracking down on its illicit non-nuclear activities."

NUCLEAR DEAL


President Trump is "prepared to potentially withdraw" from the Iran nuclear deal if changes to the agreement aren't made, White House principal deputy press secretary Raj Shah said Monday.


Israeli Prime Minister Benjamin Netanyahu told French and German foreign ministers who visited Jerusalem today that he predicts "with high probability" that President Trump is going to withdraw from the Iran nuclear deal on May 12th and urged the Europeans to agree to significant changes in the deal...


President Trump ditched two key members of his foreign policy team in the span of two weeks, and perhaps no international agenda item is now set to undergo as big a change as the U.S. posture on the Iran nuclear deal... Here are the four main approaches to withdrawal, from least to most aggressive, that Trump could take on the deal after the May deadline passes - and what they could mean for the day after.

BUSINESS RISK


Oil prices ticked up Tuesday morning, as geopolitical risks to supply continued to bolster the market... "Newly heightened geopolitical risks of a more hawkish U.S. policy towards Iran...clearly raises the likelihood of oil trade disruptions and with it upside risks to oil prices in the near term," said Ehsan Khoman, head of research for the Middle East at Bank of Tokyo-Mitsubishi UFJ in a note Tuesday. A withdrawal by the U.S. from a 2015 international agreement to curb Iran's nuclear program would result in the reimposition of economic sanctions on the Islamic Republic.

SANCTIONS EVASION


Iran could do a lot of different things to kind of skirt possible tighter sanctions on its oil sector, such as sending oil to different places, Michael Cohen, head of energy commodities research at Barclays, told Bloomberg on Monday.

OTHER ECONOMIC NEWS


In keeping with the tradition of declaring an annual motto at the beginning of each Iranian year, Supreme Leader Ayatollah Ali Khamenei has named the current year that began March 21 "Support for Iranian Products." Many observers say the motto is a continuation of last year's, "Economy of Resistance: Action and Deeds," and is a clear sign that Iran is continuing to focus on the economy, its Achilles' heel... Following Khamenei's Nowruz speech on March 21, Iranians have had mixed reactions to his urging citizens to buy domestically made products.

CYBERWARFARE


Last week the U.S. government announced indictments and sanctions against an Iranian hacker network involved in one of the largest state-sponsored hacking campaigns the United States has ever prosecuted. The nine Iranians named all were affiliated with the Mabna Institute, a private Iran-based company that the government alleges hacks on behalf of the Islamic Revolutionary Guard Corps and whose members sold the data for profit. A private U.S. research company has been tracking the same campaign since late 2017, and on Monday released details that show the hackers targeted not just U.S. university professors, but also students and faculty to collect credentials for the victims' university library accounts.


The U.S. Treasury and Justice Departments took combined action Friday to designate and indict the Iranian firm Mabna Institute, as well as nine of its contractors responsible for "a coordinated campaign of cyber intrusions." Between 2013 and 2017, these entities hacked hundreds of universities, private companies, and government agencies in the U.S. and around the world. The four-year campaign to steal billions of dollars' worth of intellectual property attests to Iran's evolving cyber capabilities.

GULF STATES, YEMEN, & IRAN


The Houthi movement that controls northern Yemen vowed on Monday to fire more missiles into Saudi Arabia unless it stops bombing the country, after one of its missiles caused casualties in the Saudi capital for the first time. The Saudi-led coalition fighting the Houthis accused them of using Iranian-made missiles. Spokesman Colonel Turki al-Malki said the coalition reserved the right to respond to Iran "at the appropriate time and manner", under international law and within the framework of the United Nations, to protect Saudi Arabia.


Saudi Arabia's Ambassador to the United States, Prince Khalid bin Salman bin Abdulaziz, on Tuesday spoke out against the Iranian regime following a series of Houthi missile attacks on Saudi Arabia.


A video showing the Saudi military responding to an unprovoked attack by Iran is now more relevant than ever after a catastrophic failure from the kingdom's missile defenses. The video first appeared in December 2017, and shows Saudi forces single-handedly destroying Iran's military and nuclear program in an all-out invasion involving an amphibious assault and paratroopers.


Yemen's Houthi rebels fired at least seven missiles into Saudi Arabia on Sunday, hitting different targets including the capital city of Riyadh, according to Iranian and Arab media outlets... Iranian outlets affiliated with the Islamic Revolution Guards Corps (IRGC), however, lauded the missile attacks that killed at least one civilian in Riyadh.


Iran's Revolutionary Guards denied on Tuesday Saudi accusations that Tehran has provided the Houthi movement in Yemen with ballistic capabilities, a day after a Houthi missile hit the Saudi capital, Riyadh.


Yemeni government forces backed by Saudi Arabia and the United Arab Emirates are slowly but steadily advancing toward the key rebel-held cities of Sana and Hodeida. To blunt this advance, the Houthis are increasingly using advanced antiarmor roadside bombs known as explosively formed penetrators (EFPs)-a technology provided by Iran via its proxy Lebanese Hezbollah. Given the preponderance of evidence on the matter, the international community urgently needs to expose this link and provide support to minimize the effectiveness of deadly EFP munitions.

IRANIAN REGIONAL AGGRESSION


Tehran's Ambassador to Baghdad Iraj Masjedi held a meeting with the leader of Harakat al-Nujaba, an Iraqi militia group fighting in Iraq and Syria, to discuss Iraqi and regional issues, Tasnim News Agency, which is affiliated with the Islamic Revolution Guards Corps (IRGC), reported. The two sides stressed the need to continue fighting against ISIS remnants not only in Iraq but also in Syria.

IRANIAN INTERNAL DEVELOPMENTS


It's not surprising that the arrest of a prominent Iranian cleric -- even one that led to protests in Iran and the Arab world -- hasn't made a ripple in the Western news media. After all, the Tehran regime makes arbitrary arrests all the time. But this is different: The controversy over the detention of Ayatollah Hussein Shirazi this month is reigniting an important debate over whether Iran's supreme leader, Ayatollah Ali Khamenei, should be able to claim divine sanction for his unlimited powers to rule the state.

SYRIA & IRAN


Iran, Russia, and China have all signaled that they seek to profit from Syria's reconstruction... The U.S. should be clear that it will sanction all foreign firms that do business with the Syrian government or with other sanctioned entities, including state-owned firms in the energy sector.

IRAQ & IRAN


Tehran swiftly filled the power vacuum in Iraq in the wake of the US-led 2003 invasion and the collapse of the Ba'ath regime. Tehran also exploited the 2011 US withdrawal and the subsequent emergence of ISIS to further consolidate its influence in Iraq. However, regional countries' latest efforts to restore their presence in Iraq have alarmed Tehran. After all, Tehran managed to score relatively easy gains in Iraq because regional and international players were largely staying on the sidelines. If these players decide to play a more active role in post-ISIS Iraq, Tehran's influence in the Arab country is set to decline.

ISRAEL AND IRAN


Just last month, the long-simmering Israeli-Iranian conflict came out of the shadows when Iran sent a drone across the Jordanian border into Israel, and Israel retaliated with air strikes on several targets including the Iranian drone operators at a Syrian base in Palmyra, northeast of Damascus. The two sides appear to be on a collision course as Iran penetrates further into a hollowed-out Syria and Israel tries to frustrate that effort. The current status quo, where Israel limits itself to enforcing its publicly stated red lines in Syria, is likely to continue. However, new events that change the intentions of the parties could lead to miscalculation and uncontrollable escalation.






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@uani.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.

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