Economics

Ahmadinejad Woos Chavez-Led Allies in Latin America

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Iranian President Mahmoud Ahmadinejad, facing tighter U.S. sanctions and rising tensions in the Persian Gulf, will turn to his diminished group of allies in Latin America for support this week.

Ahmadinejad arrived in Venezuela yesterday to kick off a four-nation tour to push investment projects such as a hydro-electric power plant in Ecuador. He’ll be joining forces with leaders like Venezuela’s Hugo Chavez and Cuba’s Raul Castro in taking shots at the U.S. in its own backyard, defying attempts to isolate Iran over its nuclear activities.