InfoAnda - Prices soar as sanctions hit ordinary Iranians

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

US new weekly jobless claims fall for second week | 13 November 2009
Prized mushroom collection returns to China | 8 November 2009
CORRECTED | 20 July 2009

Hardliners chant Death to Mousavi at Iran rallies | | 18 December 2009

Forum Views () Forum Replies ()

Read more with google mobile : Prices soar as sanctions hit ordinary Iranians

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Africa Europe Latin America Middle East North America Prices soar as sanctions hit ordinary Iranians Reuters - Thursday, July 15 Send IM Story Print By Parisa Hafezi TEHRAN - Some worry about higher food prices, some fret about overseas travel and others about business, but it is clear that ordinary Iranians are feeling the effects of sanctions imposed over Tehran's nuclear programme. President Mahmoud Ahmadinejad has scoffed at U.S. sanctions as "pathetic" and said a U.N. resolution had no more worth than a "used handkerchief" and, although some Iranians backed their leader's tough position, others were fearful for the future. The latest measures are mainly aimed at vital sectors of the economy such as banking and energy, which analysts say will raise the cost of trade by making it more difficult to transfer funds or insure cargoes. In shops and markets, people say they are struggling to cope, squeezed by soaring rents and grocery bills on the one hand and stagnant salaries on the other. "Prices go up as soon as there is talk of sanctions. The nation is paying a heavy price for the nuclear dispute," said an English teacher in Tehran, who asked not to be identified. "Do the officials know how difficult it has become for ordinary people to even feed their children?" said the 45-year-old father of two, who earns about $400 per month. Architect Mohammad Sadati, 36, was also in no doubt about the cause of the rising prices. "As soon as there is talk about the possibility of new sanctions against Iran, the price of everything goes up," he said. The United States, the United Nations and the European Union have imposed new sanctions against Iran over its nuclear enrichment activities, which the West fears could lead it to make a bomb. Iran says its nuclear programme is peaceful. A growing number of oil companies, trading houses and other international firms have stopped doing business with Iran this year as the United States has led international efforts to isolate Tehran. Earlier this month, Washington enacted unilateral sanctions which for the first time allow it to punish the U.S. operations of international firms that supply fuel to Iran. Last week, media reports said Iranian aircraft had been denied fuel in Germany, Britain and a Gulf Arab state because of the latest U.S. sanctions. An Iranian official denied it, calling the reports "psychological warfare." However, BP confirmed on Tuesday it had stopped supplying jet fuel to Iran Air at Germany's Hamburg airport. ISOLATION FEARS Mahtab Heshmati said she was worried by the prospect of Iran's international isolation. "I have two children studying abroad. I hope sanctions will not isolate Iran in a way that we will not be able to fly abroad and see our children," she said. Political analysts say growing economic problems are likely to undermine the government's efforts to persuade Iranians that the restrictions will not cripple Iran's economy. Businessman Habib Rostami says he was forced to shut down his food import company because of limitations imposed on Iran's financial sector. "Doing business in Iran is becoming more and more difficult," he said. "The prices of goods are so high that ordinary Iranians cannot afford them." Critics say Ahmadinejad's harsh anti-Western rhetoric has provoked the West to take a tougher line but his resistance to international pressure has struck a chord at home. Retired teacher Nasrin Nemati, 41, complained of high inflation but said she was proud of the government for taking a stand. "I am ready to pay the price to preserve our nuclear programme," she said. "Who are the Westerners to tell us to halt it?" The fourth round of U.N. sanctions calls for measures against new Iranian banks abroad if a connection to the nuclear or missile programmes is suspected, as well as vigilance over transactions with any Iranian bank, including the central bank. It expands a U.N. arms embargo against Tehran and blacklists three firms controlled by Iran's national shipping company and 15 belonging to the Revolutionary Guard Corps. BELT-TIGHTENING NEEDED EU leaders agreed last month to tighten U.N. sanctions with additional measures against Iran's financial, banking, insurance, transportation and energy sectors. Despite Ahmadinejad's bombast, Iran's leaders have shown signs they know it is time for some belt-tightening. Supreme Leader Ayatollah Ali Khamenei called for "encouraging the culture of saving and discouraging opulence and consumption of foreign goods." Ahmadinejad wants to dismantle Iran's costly subsidy system from September to make Iran less vulnerable to sanctions. Cutting subsidies on fuel and food, which critics say will increase the cost of living, is a high-risk strategy for the government and may revive anti-government protests that shook the country for months after last year's disputed presidential election. The opposition says the vote was rigged to secure Ahmadinejad's re-election. The government denies the allegation. Iran, the world's fifth biggest crude oil producer, lacks refining capacity and imports 40 percent of the gasoline it needs. However, it plans to increase capacity to become self-sufficient within a few years. Oil traders say Iranians could yet feel the pinch from sanctions which have already put off several foreign energy companies from selling to or investing in Iran [ID:nLDE65R1O2]. "Things are getting tough for the Iranians," said one Middle East trader. Like the authorities, Iran's state media have played down the effect of sanctions. "If you watch Iranian television and read hardline newspapers, you will have no fear of sanctions," said Bita, 31, a private sector employee. "But I follow the news on the Internet ... It is scary to be the citizen of an internationally isolated country." Recommend Send IM Story Print Related Articles Libya ship takes Gaza aid to Egypt after Israel warning AFP - 1 hour 30 minutes ago Rwandan opposition figure murdered AFP - Thursday, July 15 Suicide bomber involved in Uganda blasts AFP - Thursday, July 15 Christian-Muslim clashes in Nigeria leave 8 dead AFP - Thursday, July 15 Terre'Blanche murder suspect granted bail AFP - Thursday, July 15 News Search Top Stories Experts urge US to restrict drug Avandia US Fed weighs new measures as recovery falters Avandia increases risk of heart problems: panel Libyan aid ship set to dock at Egyptian port Rapid weight loss best way to slim down: studies More Top Stories » Most Popular Most Viewed Most Recommended Mel Gibson takes aim at Hispanics in fresh rant Penelope Cruz, Javier Bardem tie the knot 'Abducted' Iran scientist surfaces in US Obama vows to cut HIV cases with new AIDS strategy US trade deficit widens to 18-month high More Most Viewed » Reclusive top mathematician turns down prize, again Germany's 'Octopus oracle' keeps perfect record Amputee cat gets bionic legs Fans gather for Michael Jackson death anniversary Who's right - the dolphin or the octopus? More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 15 July 2010
EU says Iran talks must focus on nuclear programme
Two more Cuban dissidents arrive in Spain: ministry
Yamaha unveils zero-emission electric motor scooter
Libyan Gaza-bound aid ship heads towards Egypt
U.S. hands over prisons and prisoners to Iraq |
Fresh claims hit scandal-tainted French minister
US Fed weighs new measures as recovery falters
Nokia Siemens Networks eyes Motorola telecom: report
Iranian scientist heads home to official welcome
Medvedev tells Russians to stop 'everyday' bribery
Avandia increases risk of heart problems: panel
Crackdown fears after Chinese micro-blogs disrupted
Bungled cases show weakness in Mexican judiciary |
Ailing Merkel bloc loses upper house with state vote
U.S. hands over prisons and prisoners to Iraq
Libyan aid ship set to dock at Egyptian port
U.S. envoy says Uganda-type attacks hard to prevent |
Rapid weight loss best way to slim down: studies
Prices soar as sanctions hit ordinary Iranians
Indonesia to ask internet providers to block porn
African troops parade in Paris amid rain, rights row
Afghan attacks kill 8 US troops in 24 hours
Kremlin says Russia losing battle on corruption |
Afghan gov't says OK to local defense forces
U.S. and South Korea to stage military drills after ship sunk |
Nokia Siemens Networks eyes Motorola telecom: report
Afghan attacks kill 8 US soldiers in 24 hours
India sets up unified command to tackle Maoists |
EU says Iran talks must focus on nuclear programme |
U.S. envoy says Uganda-type attacks hard to prevent
US, S.Korea to hold military drills after ship sunk
'Barefoot Bandit' vows to reform his ways: attorney
Indian FM brings 'peace message' to Pakistan: report
Hague says new govt to build on China ties
Hong Kong police raid developer behind record flat sale
US-ENTERTAINMENT Summary
Bristol Palin engaged to Levi Johnston
US author journeys from Twitter to print
BSkyB says in talks to set up 24-hour Arabic news channel
China accepts WTO ruling on entertainment goods
First flight lands at showcase Delhi terminal
Novelist reinvents Robin Hood as medieval gangster
Thailand hikes interest rates for first time since 2008
Britain the best place to die: global study
Pakistani FY09/10 foreign investment falls 19.7 pct
Polanski to film 'God of Carnage' in 2011: co-writer
Geldof's Live Aid story to be made into a film
Lion, wolves and bears draw the crowds at Baghdad pet shop
Inception gives fans a movie to think about |
Bristol Palin engaged to Levi Johnston |
Movie on Joaquin Phoenix's lost year gets September debut |
Eminem leads pop chart for third week |
Reggae's Chaka Demus & Pliers sue for royalties |
Geldof's Live Aid story to be made into a film |
AT&T slams Cablevision for unfair Mad Men talks |
Toronto film festival opener flaunts Canadian roots |
Novelist reinvents Robin Hood as medieval gangster |
Iran nuclear scientist returns home from U.S.
India, Pakistan open key talks in Islamabad
Iran nuclear scientist returns home from U.S. |
Holbrooke paints mixed Afghan war picture
US-TECH Summary
N.Korea, UN Command in key talks
New strike hits Honda parts supplier in China |
'Significant advances' made towards AIDS vaccine
Israeli attack on Iran would start long war
Apple to hold iPhone press conference Friday
Amiable mood for N.Korea-U.N. military talks: officials |
'Facebook fugitive' taunts Bermuda police
Experts urge US to restrict drug Avandia
China faces worst floods in 12 years
Google to scan Dutch library collection
Hong Kong property giant 'welcomes' police probe
EU tells Iran ready to resume nuclear talks
U.S. senators voice doubts on Afghanistan plan |
'Paul the Octopus' now an iPhone app
Pakistan and India seek to revive peace talks |
One dead, over 100 ill in China from malaria pills
Afghan attacks kill 8 US troops in 24 hours
Israeli attack on Iran would start long war: report |
Pakistan and India seek to revive peace talks
Hunt for Philippine fishermen after killer typhoon
Heavy rains in Japan kill two, three missing
Torture victim's saga mirrors Iran's history |
China jet makes emergency landing after bomb scare
N.Korea, US-led UN Command talks end: spokesman
China faces worst floods in years |
Writer claims Hollywood agents stole TV show ideas
Apple to hold iPhone press conference Friday |
Angelina Jolie jolts a man's world: action films
Rivalries and economy cloud Google expectations |
Beekeepers add buzz to Japan urban jungle
Abu Dhabi preserves Muslim musical heritage
Nissan suspends output in US plants
Willy Wizard takes on Harry Potter in U.S. court
Formosa to restart No.1 naphtha unit in 2-3 mths
Writer claims Hollywood agents stole TV show ideas
Apple on the defensive as earnings approach |
Piers Morgan could earn $18 million at CNN
Taiwan stocks flat; focus moves from China to earnings
Jeff Goldblum miscast in London "Prisoner" revival
Seoul shares slip 0.4 pct on recovery worries
Betty White to guest star on TV's "Community"
BoJ keeps interest rate, boosts growth forecast
Gong, Lau to star in 'What Women Want' remake
Taiwan sells T$40 bln bonds at 1.0110 pct yield
China's economic growth slows in second quarter
PAKISTAN
S.Korea June LNG imports soar y/y; H2 growth may slow
China's economy grows 11.1 percent in first half
Angelina Jolie jolts a man's world: action films |
Piers Morgan could earn $18 million at CNN |
Betty White to guest star on TV's Community |
New Orleans Saints march off with top Espys |
Writer claims Hollywood agents stole TV show ideas |
Willy Wizard takes on Harry Potter in U.S. court |
Hockey Musical to open Toronto Film Fest |
Russia tells Iran to come clean over weapons work
Russia has identified Estemirova's killer: Medvedev
Facebook names India management, eyeing top spot
BP lobbied UK over Libyan prisoner transfer case |
Car bomb kills six in Iraqi city of Tikrit
Russia seeks German help to modernise economy
JPMorgan profit leaps nearly 80%
Tokyo trials digital billboards that scan passers-by
Medvedev eyes German help to modernise Russia economy
Philadelphia sign NBA number two draft pick Turner
China's online population jumps to 420 mln
Fresh unrest flares in N.Ireland
British major killed in Afghan attack: ministry
New car sales fall for third month in Europe
Google Earth map showing temperature rises unveiled
Afghan health team abducted; local official killed
U.S. hands over last Iraq jail but keeps 200 inmates |
5 Afghan health workers kidnapped in Afghanistan
Karzai approves plan for new Afghan police force |
5 Afghan health workers kidnapped in Kandahar
Vatican toughens rules on sexual abuse of children |
Malaysia makes 1st military Afghanistan deployment
Argentina approves landmark gay marriage bill |
Sudan expels two aid workers |
Five killed in suicide bombing in NW Pakistan |
Suicide attack kills five in Pakistan's Swat valley
'Abducted' scientist arrives back in Iran
Five killed in suicide bombing in NW Pakistan
'Abducted' Iran nuclear expert arrives in Tehran
Vaseline skin-whitening Facebook app sparks debtae
Amiable mood for North Korea-U.N. military talks
Bomb attack kills 2 in Pakistan's Swat valley: police
U.S. senators voice doubts on Afghanistan plan
BSkyB in talks over 24-hour Arabic news channel
Myanmar dissident takes struggle to ballot box
'Democratised web' helps Malaysian's life quality
"Hockey Musical" to open Toronto Film Fest
North Korea's health system seen in dire state
Amazon accused of infringing patents with Kindle |
Wild tiger kills man in Indonesia's Aceh
Pakistan's forex reserves ease to $16.63 bln
China to keep managed floating exchange rate regime
China may shut websites with pornographic writing |
Pakistani stocks fall on profit selling; rupee eases
Seoul shares slip 0.4 pct on recovery worries
Japan's NTT to buy S.Africa IT firm Dimension Data
China merges steelmakers to create top 10 producer
Spies uncloaked in new film and no, it's not Salt |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01