The blockade in Strait of Hormuz has impacted Petrochemicals, Plastics, Fertilizers and Industrial Gases and that has led to higher inflation in many countries.
Jerusalem - Israeli President Shimon Peres said Wednesday attacking Iran would only postpone its ability to build an atom bomb.
"I'm not sure that bombing the nuclear facilities is the best solution. You know, the moment there are centrifuges, you can destroy the centrifuges. You cannot destroy the know-how to create centrifuges. You can postpone," he told Israel's Channel 10 television.
Asked if Israel could accept a nuclear Iran, he said: "It's not all only attacking the nuclear facilities."
Tehran - Iran's attorney general suggested Wednesday that Iranian-American journalist Roxana Saberi could apply for amnesty, ISNA news agency reported.
Ghorban-Ali Dorri-Najafabadi said that Saberi could apply for amnesty from Supreme Leader Ayatollah Ali Khamenei.
According to the Iranian constitution, Khamenei has the final say on all state affairs and is even authorized to declare amnesty for prisoners not convicted of heavy crimes.
Koblenz, Germany - A 63-year-old German businessman on trial for selling Iran 16 tons of graphite to make rocket nozzles, has admitted the offence, a court spokesman said Wednesday.
At the opening of his trial on April 8, the man told a state superior court in Koblenz, Germany that he rejected all 12 counts of the indictment.
But in a statement read out by his lawyer this week, the defendant admitted the charges, the spokesman said.
The man is accused of breaking laws preventing illicit arms exports by declaring the graphite exported from 2005 to