The Latest from Iran (1 July): The European Union Cuts Off Imports of Tehran's Oil
Sunday, July 1, 2012 at 8:36
1535 GMT: Correction of the Day. I am not sure we can take credit for this but, hours after we noted Press TV's use of a conspracy-theory "analyst" to proclaim "US Seeks War with Russia", the Iran State website has downgraded the crisis: "West Seeks Tussle with Russia over Syria"
1445 GMT: A Revolutionary Guards commander has announced plans for a new missile exercise, Great Prophet 7, from Monday to Wednesday.
The Commander of the Aerospace Division, Brigadier General Amir-Ali Hajizadeh said, “By firing missiles into these simulated bases (of regional forces), our commanders will assess the precision and the effectiveness of the warheads installed on the missiles.”
The commander said the message for the “regional and transregional countries seeking adventurism is that the Islamic Republic is determined to resist their bullying and will give a crushing and decisive response to any potential act of mischief. In case of any potential incident, Iran's surface-to-surface missiles will descend upon them like bolts of thunder.”
1245 GMT: Sanctions Watch. Vice President Mohammad Reza Rahimi, who earlier said Zionists are behind the US and European Union's economic restrictions, has tried to rally Iranians: “Today, we are facing the heaviest of sanctions and we ask people to help officials in this battle."
Rahimi said the “dastardly sanctions” might cause “occasional confusion” in the market, but assured that the Iranian nation would not be stopped.