Iran Can Attack U.S. Interests ‘Anywhere’ if Attacked

Iran is capable of carrying out military strikes on U.S. interests all around the world if the Islamic Republic is attacked by the United States, Iran’s ambassador to Moscow said on Wednesday.

The United States has tried to force Tehran to scrap sensitive nuclear work by imposing sanctions targeting Iran’s central bank and giving U.S. banks new powers to freeze Iranian government assets. Iran’s ambassador to Moscow said that the United States would be making a serious mistake, akin to suicide, if it risked a military strike on OPEC’s No. 2 oil exporter. Washington has announced no such plans, but has said a military option is always on the table if Iran cannot be otherwise prevented from developing atomic weapons.

“The Americans know what kind of country Iran is. They are well aware of our people’s unity,” Iranian ambassador Seyed Mahmoud-Reza Sajjadi told a news conference in Moscow. And that’s why Iran is fully able to deliver retaliatory strikes on the United States anywhere in the world,” he said, speaking through an interpreter. “Even if it attacks, we have a list of counter actions. (The United States) would be disappointed with their huge mistake.”

Iran has increasingly issued threatening statements against the West in recent weeks as tension has increased over its uranium enrichment program, which it moved last month to a mountain bunker better protected from possible air strikes.

Iran says its nuclear program is peaceful while Western powers fear Tehran is trying to build a nuclear bomb.

Source: Yahoo News

Image: Freedom Messenger

U.S. Banks Tumble on Eurozone Crisis Exposure

U.S. banks shares fell in late trading on Wall Street after ratings agency Fitch warned about their exposure to the eurozone crisis. Fitch said that if the crisis will not be resolved soon, shares of U.S. banks will continue to suffer.

In the last hour of trading, the Dow Jones fell sharply and closed 1.6 percent lower, with financial stocks absorbing the impact of the selloff.

Moody’s, another rating agency, had downgraded 12 German banks. Major U.S. banks such as JP Morgan and Bank of America fell by 3.8 percent and by 3.3 percent respectively. After Fitch released its report mid-afternoon, investment bank Morgan Stanley dropped by 8 percent.

According to Fitch, the direct exposure of U.S. banks to the economical crisis in Portugal, Italy, the Irish Republic, Greece and Spain, was “manageable.” Fitch even noted that they have been cutting these exposures for more than a year already. In general, banks do not give out information to the public about their exposures to individual countries. [Read more…]