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EU oil sanctions: Iran to get its retaliation in first?
Published: 28 January, 2012, 00:04
Edited: 28 January, 2012, 11:16
TAGS: Oil, Nuclear, Politics, Iran, Global economy
Iran is threatening to cut its oil supplies to Europe as early as next week to pre-empt the EU embargo. Sassan Ghahramani, the president of a financial advisory service told RT that Iran is able to do this even if it means losing six months’ revenue.
From Iran’s perspective it would be rational to cut exports to the EU in advance if that will drive oil prices high enough to cover losses, believes Ghahramani. Given the fundamental threat that Iran is facing right now, they may decide to make such a move, he added.
“What is happening in Iran is a fundamental threat, an existential threat, to the Islamic Republic regime,” Ghahramani explained. “Ultimately, Iran clearly has more to lose not just by the European oil embargo, but more importantly the embargo on the financial institutions and the central bank, which really started in the US and has really hampered Iran’s ability to conduct financial transactions.”
“They have managed to work around that with China and with India, but that has made a huge dent, it has caused a massive panic in the Iranian economy,” he added.
Ghahramani believes that the West is using sanctions to put as much pressure on the Iranian regime as it can.
“I think the real unwritten objective here is, quite frankly, call it by a different name, but it is regime change ultimately,” he said.
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Brilliant move by the invetors of chess. Sacrifice the Queen to get a check mate. Bravo!
I can hear the groans of Spain, italy and Greece from here in Asia..hahaha
The World community should focus on eliminating the need for countries who wish to use nuclear power for electricity and isotopes for medical reasons from having to enrich uranium. Proliferation of nuclear weapons to more countries will ensure we always have nuclear weapons. The more countries with nuclear weapons, the greater the odds that someday, somewhere, an idiot will rise to power and start something that will result in a nuclear retaliation. We have seen what 10+ years of war has been brought for flying planes into buildings. Imagine if those planes carried nuclear bombs.
Take a moment to seriously contemplate what a retaliatory nuclear strike would look like. It may range from only the country the bomb came from to all the countries that supported the proliferation of the weapon. Contrast that image against a relatively easy war now to stop the retaliation from ever needing to happen in the first place.
Countries have a right to nuclear power. Leaving only a small group of countries or sites around the world to enrich Uranium under conditions of open inspections, approved by the UN Security Council members, would be a first step toward stepping away from all such weapons of mass destruction.
The Middle East, of all places, should be entirely nuclear weapons free and that includes Israel. Iran has proven itself to be such a destabilizing influence in the region that even its many Arab neighbors are opposed to Iran going nuclear.
But because Iran has evidently decided that being able to enrich Uraninum to weapons grade levels is something it's ready to go to war over then it is good to see them taking the first steps to getting it started. Iran is seriously underestimating how much its neighbors and other responsible nations of the world community are opposed to their move to produce weapons grade uranium. The mullahs and their stone age mentality are driving full speed to the edge of the cliff. The sooner they go over the better.
I think this proves Israel owns and controls the entire western world and the sad joke of an institution in New York (near Wall Street) that we call the UN.
Yet again no one is allowed to ask why Israel can ignore UN resolutions and whether Israel has nuclear weapons.
The world will not become free and fair until the UN is removed from the criminal centre of New York and moved to somewhere more neutral and credible. The UN is treated as a glove puppet by the Zionist criminals in Washington.
Any global institution based in the sort of country where Madoff and Soros and Wall Street can operate cannot have any credibility.
Iran and Israel should both be nuclear free and Israel should be stopped from selling arms if it really is serious about world peace.