Iran and Venezuela, the producers of about 9 percent of the world’s oil, will form a $1 billion global venture for projects in countries where western companies are facing tougher business conditions.
Iran
Iran’s Islamic Revolution in 1979 sent reverberations all the way to my hometown in the American Midwest. At school we anxiously counted the days of the U.S. embassy hostage crisis, and one day the daughter of Iranian exiles appeared in my fourth-grade class.
Twenty-eight years later I traveled to Tehran as the only foreign reporter in Vladimir Putin’s pool. While the members of the security forces I encountered during my visit displayed nothing but hostility, the ordinary Iranians I met were lavishly hospitable and hopeful for change. No country I have visited has so impressed me with its sense of historical purpose – and stunted potential.
Iran Wins Neighbors’ Pledge Not to Help U.S. Attack
Iranian President Mahmoud Ahmadinejad played up a regional summit to fete Vladimir Putin as a friend of the Islamic Republic.
Iran Seeks to Undermine U.S. Energy Plan for Europe
Iran plans to import more oil and gas from Central Asia as it seeks to undermine a U.S.-backed project to build pipelines from the Caspian Sea to Europe.