The Latest from Iran (17 March): Ahmadinejad All-is-Well Alert

2004 GMT: Oil Watch. The Indian Governmennt has exempted payment in rupees for oil imports from Iran from 40% withholding tax, easing the way for refiners to use the local currency for purchases.

In Jnauary, India and Iran agreed to settle 45% of oil trade in rupees, but Indian refiners and the National Iranian Oil Company had refused to pay the tax.

1959 GMT: Tough Talk of the Day. Speaker of Parliament Ali Larijani has declared that Israel will not launch a military assault: “They make a lot of fuss about it but don’t dare to attack Iran. They are like dogs that keep barking but are not for attacks.”

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