TEHRAN (Reuters) - Iran castigated its U.S. adversary on Tuesday over new financial measures to disrupt Iranian commerce, and a default on payment for rice purchases highlighted the encroachment of sanctions on the staples of everyday life. Lawmakers in Tehran vowed to ban crude exports to European countries even before an EU oil embargo takes effect. The U.S. sanctions, targeting Iran's central ...

Iran's parliament on Tuesday decided to summon President Mahmoud Ahmadinejad for questioning over a long list of accusations, including that he mismanaged the nation's economy.

Additional U.S. sanctions on Iran are more significant for their timing than their immediate effect on Iran's economy, coming as the United States and its allies are arguing that Israel should hold off on any military strike on Iranian nuclear facilities to allow more time for sanctions to work.

TEHRAN (Reuters) - Iran on Tuesday denounced as "an antagonistic move" a tightening of U.S. sanctions targeting Tehran's central bank and giving U.S. banks new powers to freeze Iranian government assets, and said it would have no impact. In further defiance of world pressure on Iran to curb its nuclear program, parliamentarians said they would speed up passage of a bill to ban Iranian oil ...

BEIJING (Reuters) - Trade between Asia and Iran is likely to slow as new U.S. sanctions make payments more difficult, traders said Tuesday, although the more determined can still find a route through Middle Eastern intermediaries. Sunday, U.S. President Barack Obama authorized new measures which extend sanctions to all Iranian financial institutions and require financial institutions doing ...

Iran has dismissed the new U.S. sanctions on Tehran, with the Foreign Ministry spokesman saying Tuesday they are part of a "psychological war" meant to sow discontent among Iranians and insisting the measures would not halt the country's nuclear program.

VIENNA (Reuters) - Iran is believed to be expanding uranium enrichment activity deep inside a mountain, diplomatic sources said Monday, a move likely to add to tension with Western powers that suspect Tehran is seeking nuclear weapons capability. The move to increase sensitive nuclear work at the Fordow underground site near the Shi'ite Muslim holy city of Qom, even if expected, underlines the ...

TEHRAN (Reuters) - Iran's Supreme Court has upheld the death sentence for two men convicted of killing three Sunnis with the help of a British spy, a news agency reported on Monday, the latest move in worsening ties between the two countries. "The men, members of Komeleh Kurdish terrorist group, shot dead a son of Marivan's Friday prayer leader, along with two of his friends, in July 2009 with ...

A spokesman for Iran's foreign ministry said the U.S.'s move to tighten sanctions on Iran is 'psychological warfare which has no impact.'

Targeting Iran's economy, the U.S. ordered tough new penalties Monday to further pinch the country's financial system and encourage Israel to give sanctions more time before any military action against Iran's nuclear program.