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Sanctions on Iran. Iran flexes its muscles.

Posted: Mon Jan 02, 2012 3:19 pm
by pjpj
Slightly differing information coming through about the details but the tensions with Iran have taken a further step backwards.

Further sanctions from the US and Europe on Iran are likely including sanctions on oil from Iran. This may cause Iran to react irrationally and attempt to close shipping on the Strait of Hormuz where further oil is transported.

http://news.sky.com/home/world-news/article/16140896
http://www.reuters.com/article/2012/01/ ... 7E20120102
http://www.bbc.co.uk/news/world-middle-east-16377185

Oil refiners sever links to Iran

Posted: Thu Jan 12, 2012 1:03 am
by pjpj
Oil refiners have started to sever links with Iran ahead of next months meeting.

http://worldonthisday.blogspot.com/2012 ... -iran.html