Word: iran
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...Raging in the Streets Re "Iran's Awakening" [june 29 - July 6]: I am an Iranian who wishes to convey to everyone who is fighting in Iran in a way we and our parents were not able to that we are humbled by the dedication you have displayed during the protests. Every night, Iranians have flooded the streets of Westwood, Los Angeles, wearing the colors of the campaign for freedom and carrying flags and candles. Children who have never played in the green pastures of Shomal have rallied among their parents holding pictures of those killed and flyers reading NEDA...
...Iran may have an ace in the hole as Western governments weigh sanctions in response to the often violent crackdown on opposition demonstrators. The card Tehran is likely to play? China...
...July 13 Iran's Oil Ministry announced that it had China's agreement to invest about $40 billion in refining Iranian gasoline. The deal would include financing the major new Hormoz refinery in southern Iran, which will be able to produce about 300,000 bbl. of gasoline and kerosene a day once the four-year construction project is completed. China would also overhaul Iran's aging Abadan refinery in the south so that its production could increase by 29%, according to Iranian oil officials, who provided no deadline for that project. (See pictures of the plainclothes terror of the Basij...
...deal has not yet been signed (and China has yet to confirm it), but if Iran pulls it off, it would solve one of the country's biggest headaches. For despite vast oil reserves and exports, Iran still imports about 130,000 bbl. of gasoline a day because its refineries are too few and too old to meet the demand at home. The Chinese deal would literally keep Iran's factories, homes and cars - in effect, a nation of 66 million people - running. (Read about Iran's campaign against foreign plots, real and imagined...
...TIME's Iran covers...