the include an oil embargo and crucially the freezing of all assets of the iranian central bank.nisters coordinated their actions with the united states. both the u.s. and the eu accused iran of trying to develop nuclear weapons. this is a claim that tehran has repeatedly denied. in recent months, the dispute has been heating up, with iran threatening to block the strategic strait of hormuz. pride to the announcement of the new sanctions, an american aircraft carrier, the uss abraham lincoln, passed through the strait and is now stationed off the iranian coast. u.s. defense the promises it will be joined in march by the uss enterprise, which was actually scheduled to be scrapped. the u.s. naval buildup comes on the heels of iranian military exercises. [gunshots] >> it was an ostentatious display of military might. the iranian navy carried out weeks of training in the gulf, giving the world a chance to see their country's armory. iran even threatened to block state -- duplicate the strait of hormuz. such a move could impact seriously on oil supplies. up to 40% of the world's oil p

s agreed to freeze the assets of the iranian central bank and ban all trade in gold and other precious metals with the iranian central bank and other public bodies and around max so this is just applying to the your peon union they also are not allowed to trade oil with iran so how do you think this is going to affect the euro the dollar and will it preclude china russia or other nations like india from kentucky operating no course on its financial suicide of course because it doesn't preclude china china wants gold iran's got goal they're going to do deals with china and china is preparing itself in this currency war for a post u.s. dollar reserve world and also you've created markets we created the hollywood stock exchange is gold and silver are they fungible commodity of course i mean this is a shows you how arrogant these policymakers in europe are and why they're going to lose this currency war it's very simple that's why gold is over going higher so of course i said it also applies to oil india joins asian dollar exclusion zone will transact with iran in rupees india and iran hav

iran with bombing the country they are silent when western governments try to sanction the iranian central bank that means what the americans and the europeans are basically trying to do is to prevent ordinary iranians from living an ordinary life from living like ordinary human beings they want people in iran to suffer that's what they did in gaza and that's what they're doing in syria too that's what the sanctions in syria are all about it's interesting just recently just a few days a couple of days ago. they had funded polls in syria which just came out and they show that the majority of syrians actually support the current president and this is a biased terry funded poll yet this you do not see this in the western press so while the majority of syrians actually backed the president the americans are forcing the people of the country to suffer this is this is inhuman this is pretty barbaric and the europeans and americans they allow themselves to punish ordinary people yet they when. they understand the point there but sticking to a wrong and these sanctions isolate iran have a negative effe

imposes a bar on global financial institutions from having transactions with the iranian central bank. he says the japanese government's stance is not the point. he says if japanese banks stop doing business for iranian banks for fear of u.s. pressure, the japanese oil companies will not be able to settle their imports. >> translator: i expect japanese oil companies will have to reduce imports from iran and try to find other sources. >> he adds saudi arabia has idle production capacity that could cover for the lost exports from iran. so he does not expect global oil supplies to suddenly get tighter. members of the arab league are trying to figure out what to do about syria. demonstrators have been protesting against the president for most of the past year. 5,000 people have been killed. we have some rare pictures of protesters on the run from security forces. >> reporter: the rally in syria. they're chanting -- even the face paint convey the same message asad must go. >> translator: if we don't take action, nothing will change. >> reporter: protesters gather at night to avoid security

he would freeze iranian central bank assets. iran denies it is trying to develop nuclear weapons. more and more ships passing the coast of somalia are carry an armed guards using water canons for protection against pirates. one nation has been affected more than any other. the philippines provides the one in three of the world's seafarers and more than 700 filipinos have now been kidnapped since 2006. >> a tanker makes it way through pirate infested waters. suddenly, it comes under attack. [bells ringing] this exercise is taking place on dry land, thousands of miles away from somalia. the government has now made it compulsory for all filipinos to go to see and be trained in how to evade pirates. >> we are not trained to fight the pirates. we were not trained to use guns. but we can prevent pirates from coming on board, because the moment they are on board, it is a hopeless situation. >> it is not that filipinos are singled out by pirates. it is just that so many of the work in the shipping industry. one in three of the world's seafarers come from here. filipinos have are rich mari

countries to follow the line of freezing iranian central bank assets and imposing an embargo on all exports to run has been threatening to block the strait of hormuz one of the world's most important all over it's in the west the top sanctions and james called it a joke because that report website says tensions in the region will only rise of the u.s. and its allies continue.

that new sanctions could be brought about against any financial institution that dealt with iranian central bank. that essentially is a target in the iranian oil industry. iran has lots of money from exporting oil around the world, and one of those countries is china. china imports 20% of iranian oil. if sanctions are going to work, the u.s. has to persuade china to stand with it. already looks as though china will not do that. the vice foreign minister said a couple of days ago that china's oil imports have nothing to do with the nuclear industry, the nuclear issue. that is a clear indication from china that it will not stand alongside america with these sanctions. >> at least 13 people are thought to have died after a landslide triggered by heavy rains swept through a town in southeast brazil. it is believed that more people may be buried under the mud. >> a town torn apart. the mudslide ripped through the heart of this hillside community. the authorities had begun clearing up and rescue workers are still hunting for survivors. but there is little hope now of finding anyone alive. >> they scre

sanctions against the iranian central bank would ablige the japanese banks to terminate their exchange of currency with the central bank of iran, which means that all sorts of trade including oil would have to stop. >> i'm quite worried about this kind of a iran bashing that has been continuing ever since last fall. it's going to lead to a situation where i believe if a certain country like say for israel would want to launch a preemptive strike against iranian nuclear facilities then i think under the circumstances or the environment is now say being hatched as though that iran is sort of a rogue state so it doesn't matter if any state would act on its own unilaterally and launch a military strike against iran. i'm very worried about the current situation in that sense. >>> the people who run olympus believe current and former executives are responsible for covering up more than a billion dollars in losses. the japanese optical equipment maker filed suit against 19 managers. olympus filed a suit at tokyo district court. the company is seek up to $47 million in compensation for damages

iranian. central bank iran can instill into the barter trade to its customers simply looking china buying twenty two percent of iranian crude oil which is which is than four eleven per cent of chinese oil only. china rate rose the crude oil purchase from iran to twenty nine percent last last year which was seen almost about twenty billion dollars also china is the main supplier of gasoline to you want and from july two thousand and ten to july two thousand and eleven chinese refinery general i'm sold to five hundred million barrels of gasoline two so these two concrete can easily enter into a barter trade looking at turkey just in the current visit of iranian foreign minister to torquey the two country and the us that they are going to boost their. trade exchange to. thirty billion dollars which is almost double by two by two thousand two thousand and fifteen which makes it easier for the country to enter into a barter relation relationship in the face of any sanction against the central bank one more question here with western nations are heavily reliant on iranian oil how do you think the emba

in freezing iranian central bank assets and imposing an embargo on oil exports tehran has been threatening to block the strait of hormuz it's one of the world's most important oil routes.

has banned all new oil contracts with the country and it plans to extend sanctions on the iranian central bank how much do you think that's going to cost iran the e.u. and the global economy in general it's certainly going to cost the runs we've seen today the real local currency. level against the u.s. dollar in history and the fact is that iran exposed a sizable amount of its oil to the you and coupled with american sanctions unilateral sanctions are already in place against iran it's going to hurt but what we're seeing essentially is the first phase of economic warfare against iran and the problem is that the west has iran all wrong just as it has the middle east all wrong he believes that sanctions will increase the divide between the regime and the people and historically this doesn't happen there's no proof that this happens whatsoever it's people feel pressured and they look where that pressure is coming from and that's the west and so it makes them more anti west and that's the only logical outcome he also hopes that if there is serious instability as a result then because iran is very

they've also agreed on a ban on the gold and gold trade and other precious metals with the iranian central bank all of these of course aiming to financially and economically cripple iran over its controversial nuclear program with western leaders still insisting iran is trying to build nuclear weapons while terror on denies this now the e.u. embargo follow strict new way u.s. sanctions that were passed into law by president obama in january so as far as the e.u. is concerned by july it will be a full and total implementation of these new sanctions this is unprecedented in terms of the scope and the desired a potential effects on iran but it is also one president in terms of its potential economic impact on the european union itself let's not forget the e.u. imports up to twenty percent of rain in all its second biggest buyer and one of the twenty seven the biggest buyers within that are elite spain and greece the very same countries that are now struggling to deal with that sovereign debt crisis greece in particular heavily dependent on the radio with up to one third of its total imports from i

bad news for sales of a new all in limitation substantial limitation of operations with the iranian central bank i'm not saying that that was done on purpose but we're seeing a strike in ukraine said and once again. in autumn. iran's made a step in a positive direction immediately west seeing as you. are and i report would you build stanchions and i justified fashion and now again is rainy and so ready to host a delegation is ready to start serious discussion while european union. passes new sanctions thus deteriorating the environment for those negotiations and it is unlikely that they will be productive not to mention threats to use force against iran which unfortunately are still being heard to will continue and so sting that. the five plus one or three plus three it is sometimes referred to security council permanent states plus germany and others should continue their work now. we get an information that is rainy and. also ready. for dialogue we are going and judge shortly it will be. hosed in moscow deputy head of the. security council of this country. will also continue discussions with e

of scale they would like to see a total oil embargo on iran and also possibly targeting the iranian central bank the aim of course here is to financially economically cripple the iranian economy over its controversial nuclear program which western leaders of long insisted and argued that is on a dangerous path towards acquiring nuclear weapons which terror ron has of course consistently denied now the e.u. embargo follows the stringent new u.s. sanctions on iran is signed into law by president barack obama in january and as far as the european union is concerned they're expected to formally implement these sanctions in about six months time and that is in july. you mentioned moments ago that these sanctions are in one way or another intended to cripple the iranian economy any other sanctions deemed they might have an effect. yes of course i mean this is unprecedented not just in terms of its impact on iran or the suppose a desired results on iran but also on president it in terms of the potential economic impact on the itself especially since it is still trying to deal with the sovereign debt cr

in freezing iranian central bank assets and imposing an embargo on oil exports to iran has been threatening to block the strait of hormuz one of the world's most important oil routes if the west stepped up its sanctions james corbet editor of the corvette report website says tensions in the region will only rise if the u.s. and its allies continue to pressure iran i think it's quite remarkable.

in freezing iranian central bank assets and imposing them boggo on oil exports iran has been.

has banned all new oil contracts with the country and it plans to extend sanctions on the iranian central bank how much do you think that's going to cost iran the e.u. and the global economy in general it's only going to cost to run we've seen today the local currency. level against the u.s. dollar in history and the fact is that iran explore a sizeable amount of its oil to the you and coupled with american sanctions unilateral sanctions are already in place against iran it's going to hurt but what we're seeing essentially is the first phase of economic warfare against iran the hawks in washington there are allies in saudi arabia and israel are absolutely determined to bring iran to its knees and it seems like it's now or never and they're going for broke you are very worried about ethnic divisions all through the middle east comes the fore in both iran and also in syria if sunni islamists gain control of most of the middle east what do you think the outcome could be if you look back at the arab spring the turning point came in late february when saudi arabia was given the go ahead by washingt