The Latest from Iran (14 July): Sanctions Watch

Mehr shows how Iran could block the Strait of Hormuz with its missiles --- an interactive infographic has also been posted

See also The Latest from Iran (13 July): Revolutionary Enemy-Breaking Queues for Chicken

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2049 GMT: Economy Watch. We started today with good-news stories from Fars about 5000 Iranians registering to buy the new automobile of the Iran Khodro Company and a "quality appreciation certificate" presented to Khodro by Renault (see 0600 GMT). We end today with this different perspective from AFP:

Iran's auto production fell by more than 36 percent over the past three months, the industry ministry was quoted by ISNA news agency as saying on Saturday, citing "lack of money".

Production fell to about 241,500 vehicles in the first quarter of the Iranian year (March 21 to June 20), according to the figures.

Iran built more than 1.5 million vehicles in 2011/2012.

The decline coincides with the halt of parts deliveries to Iran by French manufacturer Peugeot because of Western sanctions.

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The Latest from Iran (1 January): Let the Campaigning (and In-Fighting) Begin....

See also The Latest from Iran (31 December): Where are the Reformists for the Elections?

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1925 GMT: Currency Watch. The head of the Central Bank, Mahmoud Bahmani, amidst uncertainty over the sinking Iranian currency, told the annual meeting of the Bank that $17 billion of reserves had been distributed among non-Government banks from March 2010 to March 2011.

1915 GMT: Sedition Watch (House Arrests & Rafsanjani Edition). The Supreme Leader's representative to the Revolutionary Guards, Ali Saeedi, has launched a sweeping attack with a telling admission: "We cannot sentence Mir Hossein Mousavi and Mehdi Karroubi", held under strict house arrest since February, "because they have supporters, especially among clerics".

Saeedi, talking about the "silent supporters" of seditionists, also slapped at former President Hashemi Rafsanjani, referring to him as the "grey man" within the regime. (An EA correspondent notes that this is a reference to "The Red Eminence, The Grey Eminences" by Akbar Ganji, claiming Rafsanjani's involvement in the "Chain Murders" of the 1990s.

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