In an effort to bring Iran to the negotiating table over its nuclear program through economic pain, both the U.S. and the European Union have imposed sanctions that should make it harder for Iran to sell its oil. But the global oil business is unpredictable, and sanctions are no guarantee.
An Iranian nuclear scientists was killed by a car bomb in Tehran this morning, Iran's official news agency said. According to Press TV, Iran's English-language outlet, a magnetic bomb was placed beneath Mostafa Ahmadi Roshan's car by a man in a motorcycle.
Press TV says Roshan and his driver were killed and a bystander was injured. Roshan was a "chemical engineering graduate and served as marketing deputy of Iran's Natanz nuclear facility."
Tensions with Iran these days are as high as they've been in years, and managing them will be one of the top challenges facing the Obama administration this year. With Iran threatening to block U.S. ships from entering the Persian Gulf, and the United States vowing not to back down, the stage seems to be set for war. And yet, what's happening with Iran right now may be more of an economic confrontation than a military standoff.
Iran issued a threat to a U.S. aircraft carier, today, which further complicates the tense relationship between the two countries. The threat comes just a day after Iran performed naval maneuvers in the Strait of Hormuz.