Prime Minister Benjamin Netanyahu says Israel is prepared to throw the power of its naval force – and urges the world to join in – to block the Iranian oil shipments circumventing unilaterally imposed US sanctions against Tehran. “Iran is trying to bypass the sanctions on it through the covert smuggling of petroleum via the sea. As these attempts expand, the navy will have a more important role... 

The White House could impose sanctions on India if the country fails to meet the US demand to cut oil imports from Iran. As the US is trying to deprive Tehran of its leading source of revenue, India continues to resist US pressure. President Obama could be forced to bar access to the US banking system for any Indian bank processing oil payments through the Iranian Central Bank, anonymous US officials... 

Republican presidential candidate Rick Santorum Republican presidential hopeful Rick Santorum has criticized the administration of Barack Obama for what he calls choosing Iran over Israel in fear of losing Iranian oil. “We’re (the US government) throwing Israel under the bus because we know we’re going to be dependent upon OPEC [the Organization of Petroleum Exporting Countries],” Santorum... 

South Korean President Lee Myung-Bak (L) igreets Japanese Prime Minister Yoshihiko Noda. Both countries have expressed their intentions to disregard US-led sanctions on Iranian oil. Japan has become the latest country to hint at its intention to ignore US-led oil sanctions on Iran, after South Korea’s recent dismissal of Washington’s bid to boycott the Iranian crude. “We are not considering...