Word: persian
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...China, and that it cannot count on Europe putting its economic interests in Iran ahead of its desire for regional stability. Nor should Iran expect recognition as the single power in its neighborhood - other states have a right to make alliances, and the way to stability in the Persian Gulf region is not to try to drive out powers such as the U.S. but to reconcile different interests within a cooperative security framework. Iran will face further sanctions if it refuses to negotiate seriously...
...deal worth about $2 billion. And last month, while demonstrators were fighting pitched battles with paramilitaries on Tehran's streets, Iranian oil officials flew to Beijing to negotiate a $5 billion deal with CNPC for the newest phase of Iran's huge South Pars gas field in the Persian Gulf. Pummeled by the drop in world oil prices from $147 per bbl. last July to about $64 per bbl. this week, "Iranians are feeling more and more of an acute need for capital," Downs says...
...appetite for American cultural imports. Apple computer products, though banned for export to Iran under U.S. sanctions, can be found in the backrooms of some computer boutiques here. A merchant at the city's historic Grand Bazaar travels to New York several times a year to sell antique Persian rugs, often to auction houses like Sotheby's. He says he wishes relations would improve so that he does not have to illegally route money through Europe to maintain his business...
...given the case - called a "bloodbath" in the state-sponsored press - strikes many in Egypt as contrived, given Egypt's dismal track record in protecting its citizens both at home and abroad. Human-rights organizations and the local press point to abuses suffered by Egyptian migrant workers in the Persian Gulf states as the government seemingly turns a blind eye. "The government is also trying to hijack the campaign and trying to present itself as patriotic in defense of Egyptians abroad," says journalist Hamalawy. "What do they do for the Egyptians who are in the gulf and who actually face...
...green light to Israel to bomb Iran's nuclear facilities. Many in the industry have long viewed such an attack as a prelude to a nightmare in global energy markets: Iran retaliating by sinking oil tankers in the Strait of Hormuz, blocking the route by which most Persian Gulf oil travels to world markets. "We will be in deep, deep trouble," says Leo Drollas, deputy director and chief economist of the Center for Global Energy Studies in London. "The market will go berserk...