YOUR FRIENDS' ACTIVITY

    Iran says it will make oil embargo ineffective

    Associated Press – Sat, Jul 14, 2012

    TEHRAN, Iran (AP) — Iran's Oil Minister says his office has drawn up plans to make newly tightened sanctions against the Islamic Republic ineffective.

    Rostam Qasemi says his ministry is at the forefront of an economic battle with the West. His remarks carried by ministry website shana.ir on Saturday did not elaborate on the plans.

    Qasemi's comments come two weeks after an EU oil embargo went into effect against Iran for its refusal to halt its uranium enrichment program.

    The West says the enrichment is aimed at developing weapons technology. Iran denies those allegations.

    Iranian officials have earlier said they are organizing a consortium of private companies to bypass the embargo, without specifying exactly how this will work. Iran says it can always find buyers for oil.

    Loading...

    More World News

     

    News for You »

    • British man in France admits slitting his two children's throats

      LYON, France (Reuters) - A British father living in France has admitted to killing his two children by slitting their throats, blaming a rocky divorce from his wife, prosecutors said on Sunday. Police arrested the 48-year-old unemployed man on Saturday after the bodies of his 5-year-old daughter and 10-year-old son were found at his apartment in a suburb of the eastern city of Lyon. "He offered explanations linked to the children's custody," an official from the Lyon prosecutor's office told Reuters. ...

    • What We Know About the Record Breaking Powerball Jackpot's Mystery Winner

      The frenzy for last minute tickets is over. The numbers have been picked out. Somewhere, a single person is $590.5 million richer. Last night's record Powerball jackpot has a winner but we have no idea who that person is yet. 

    • Soccer-Spurs devastated after missing out to Arsenal again

      By Sonia Oxley May 19 (Reuters) - Missing out on Champions League football again despite amassing their highest Premier League points tally was hard for Tottenham Hotspur to swallow on Sunday and to make matters worse, it was arch rivals Arsenal who pipped them to the post once more. Two months ago it had looked as if Spurs would finally turn the tables on their north London foes when they beat them in the derby to establish a seven-point lead. ...

    • How the Conn. train crash will affect commuters

      Two commuter trains collided just outside Bridgeport, Conn., on Friday evening, damaging the tracks and snarling travel in the Northeast. Here's a look at what commuters can expect Monday, as the work week gets underway, and beyond:

    • Soccer-Ferguson criticises City for Mancini sacking

      LONDON, May 18 (Reuters) - Manchester United's outgoing manager Alex Ferguson has criticised neighbours Manchester City for sacking Roberto Mancini. The Italian boss was sacked on Monday having failed to retain the Premier League title he won last season and after losing the FA Cup final to Wigan Athletic. Mancini took out a full-page advertisement in the Manchester Evening News on Saturday, thanking fans for their support during his time in charge. ...

    • Steve Jobs widow: How is Laurene Powell Jobs spending her wealth?

      For most of her 20-year marriage to Steve Jobs, Laurene Powell Jobs was content to be a behind-the-scenes philanthropist.

    • After nearly 30 years, Camp Lejeune coming clean

      CAMP LEJEUNE, N.C. (AP) — Purple wildflowers sprout in abundance around the bright-yellow pipe, one of several jutting from the sandy soil in this unassuming patch of grass and mud. A dirty hose runs from the pipe to an idling truck and into a large tank labeled, "NON-POTABLE WATER."

    • Cycling-Road-Giro d'Italia classification after stage 15

      May 19 (Infostrada Sports) - Classification from Giro d'Italia after Stage 15 on Sunday 1. Vincenzo Nibali (Italy / Astana) 62:02:34" 2. Cadel Evans (Australia / BMC Racing) +1:26" 3. Rigoberto Uran (Colombia / Team Sky) +2:46" 4. Mauro Santambrogio (Italy / Vini Fantini) +2:47" 5. Michele Scarponi (Italy / Lampre) +3:53" 6. Przemyslaw Niemiec (Poland / Lampre) +4:35" 7. Carlos Betancur (Colombia / AG2R) +5:15" 8. Rafal Majka (Poland / Saxo - Tinkoff) +5:20" 9. Domenico Pozzovivo (Italy / AG2R) +5:57" 10. Benat Intxausti (Spain / Movistar) +6:21" 11. ...

    Show More
    Loading...

    Follow Yahoo! News