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Behind propaganda, Iran fights fuel sanctions

Reuters: Iran's assertion that it has side-stepped some international sanctions and become self-sufficient in gasoline is political propaganda, experts say, but it could become a reality as early as 2013.

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Total, Shell keep line open with Tehran despite US claim-sources

Dow Jones: Total SA and Royal Dutch Shell PLC discreetly contacted Iranian authorities last week, seeking to reassure the Islamic Republic after telling the U.S. they have no plans for further investments for now, people familiar with the matter said in recent days.

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S.Korea to suspend Iranian bank as part of sanctions

AFP: South Korea will suspend the operations of an Iranian bank for two months, financial regulators said Thursday, as part of international sanctions over Tehran's suspected nuclear weapons programme.

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Iran vows crackdown if merchants strike over cuts in subsidies

Bloomberg: Iran’s government vowed a crackdown against merchants in the nation’s bazaars, an economic force whose 1979 shutdowns helped to topple the monarchy, if the retailers go on strike once subsidy cuts are made.

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U.A.E. cuts off ties to Iran banks

Wall Street Journal: Banks in the United Arab Emirates have curtailed financial dealings with a handful of Iranian banks blacklisted by the U.S. Treasury, officials here said, drying up one of Iran's financial lifelines amid tightening international sanctions aimed at curbing Tehran's nuclear ambitions.

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