[Archive] FOREX - Trends, Forecasts and Consequences (Episode 11: January 2012) - page 456
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Not enough trouble for them....
2012.01.23 14:53:05 *EU imposes ban on imports of Iranian oil and oil products
2012.01.23 14:56:48 *EU: Trade in gold and other precious metals with Iranian companies also banned
Not enough trouble for them....
2012.01.23 14:53:05 *EU imposes ban on imports of Iranian oil and oil products
2012.01.23 14:56:48 *EU: Trade in gold and other precious metals with Iranian companies also banned
So the foundations should fly down?
Margaret forgot to add that the ban goes into effect as early as July 1st....
2012.01.23 14:57:20 *EU to assess effect of oil embargo by May 1
So the foundations should fly down?
Such a move would hit the fragile European economy and could be politically motivated by EU leaders.
On 1 January 2012, US President Barack Obama signed a bill under which the United States will cut off all deals with entities that are in any way associated with Iran's central bank. In addition, the U.S. is pushing the European Union to limit the demand for Iranian black gold. Iranian authorities, in turn, may strike a blow to the oil market.
Tehran threatens to close the Strait of Hormuz, the only sea route that allows export of Arabian gas and oil to third countries.
Such a move would hit the fragile European economy and could be politically motivated by EU leaders.
On 1 January 2012, US President Barack Obama signed a bill under which the United States will cut off all deals with entities that are in any way associated with Iran's central bank. In addition, the U.S. is pushing the European Union to limit the demand for Iranian black gold. Iranian authorities, in turn, may strike a blow to the oil market.
What about above 1.50?
What do you think about above 1.50?
It is clear that the stand-off between the US and Iran will continue to keep world markets on edge: Tehran has no intention of halting nuclear development, claiming it is "exclusively peaceful". Meanwhile, the likelihood that Iran would choke off an important waterway such as the Strait of Hormuz is not very high. First, it is unlikely to be strong enough to close the strait for more than a few days. Secondly, military intervention by the United States would immediately follow.
Iran has tried to prepare in advance for a military confrontation with the United States by procuring the kinds of weapons that would allow it to inflict maximum damage on its enemies, in particular guided missiles mounted on lightweight, mobile and inexpensive platforms. Iran could also target strategic Persian Gulf installations, such as oil rigs and tankers, and block US ships with minefields.
Who's been sneaking around again?))