Tougher U.S. and European sanctions against Iran might be hitting its economy, with fears of looming inflation and cuts in food and gas subsidies. But that doesn't mean the Islamic Republic is out of friends; far from it. Even the U.S.'s close allies in Europe have stopped short of cutting their relations with Iran, allowing it to continue its trade in oil and gas. And on Iran's other flank, it is cementing alliances with Asian countries, which are eager to build links with one of the world's biggest oil producers and are angling to snap up contracts abandoned by departing Western companies. "The Chinese and especially the Malaysians have been buying up Iran's oil assets recently, and reselling a lot of Iranian oil," says Philippe Vasset, editor of the Paris-based newsletter Intelligence Online, which monitors energy deals. "Many of the tough sanctions against Iran are in fact U.S. sanctions."
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good job, USA
by mahmoudg on Fri Oct 29, 2010 07:49 AM PDTkeep the pressure up. some of these morons think that we should leave Iran alone. No snctions, no surgical attack, so that the ruling regime in Iran can continue to pillage the Nation, attempt to export their delapidated and pre-historic ideology, and most importantlyt o export terrorism through out the world. This my friends, will not happen. The US as the mantle holder of democracy will NOT allow the Islamic Rapist Republic to execute its grand plans. It will bring it down one way or another.