(New York Times) Jad Mouawad - As it faces the threat of global sanctions from the U.S. and Europe because of suspicions that it is turning its nuclear program to weapons production, Iran is fighting back with a powerful weapon of its own: its vast oil and gas resources. Iran's ruling clerics are meticulously arranging energy sales and building partnerships with influential countries, including China and India, as a way to win stronger friendships around the world. Iran holds 10% of the world's oil deposits and has the second-largest gas reserves.
2005-04-22 00:00:00Full ArticleBACK Visit the Daily Alert Archive