Monday, January 23, 2012

Embargo of Oil from Iran - EU


BBC News: Reports that the EU has finally banned the import of Iranian Oil in to the EU and frozen the assets of Iranian Central Bank within EU Countries. Thus more pressure on Tehran to come back and talk about its nuclear plans, the problem is as the article notes is the fact that Tehran sells the majority of its oil to China and Japan, thus the Oval will need to talk to China and Japan about getting them on board, since China is the banker of the US with its 15 trillion debt it will be hard to pressure them, but Japan a close ally should come on board. It has to be asked will this be enough for Israel, how long will they wait for Tehran to move, how long before the Oval is informed that Israeli planes going over SA air space have attacked Iran. The clock is ticking folks.

No comments: