Mideast Iran Sanctions Reach

August 23, 2012 - 1:40 PM
In this picture taken on Saturday, July 14, 2012, two potential Iranian customers look at fabric bolts in Tehran's old main bazaar, Iran, as two merchants sit at left. While Iran's mainstay oil exports remains the centerpiece of Western sanctions _ intended to wring concessions on Iran’s nuclear program and ease Israeli threats of a military strike _ the Islamic Republic hangs on as OPEC's third-largest exporter as it feeds the hungry energy markets in China, India and across Asia. But less noted _ but potentially more unsettling to Iran's leaders in the coming months _ is the increasing pinch on the workaday economy: The commerce, transactions and trading that provide the paychecks and economic lifelines for millions of people.(AP Photo/Vahid Salemi)