European oil embargo squeezes Iran

Iran: We will 'confront' new EU oil sanctions

AP — Iran has stored up imported goods and hard currency for a "battle" against EU sanctions targeting the country's vital oil sector that went into effect Sunday, officials said. They acknowledged though that the measures, which aim at pressuring the Islamic Republic over its nuclear program, may cause economic disruptions. Vice President Mohammad Reza Rahimi said the country has stockpiled necessities to reduce the impact of the embargo hitting the oil and banking sectors >>>

from Al Jazeera
01-Jul-2012
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Bavafa

We will see in this chicken fight….

by Bavafa on Sun Jul 01, 2012 10:56 PM PDT

And a fight of survival between the hardline Westerners and hardliner IRI who can blink first?!

   

Historically, the citizen of  third world countries have shown a more resiliency and a thicker skin towards the discomfort of daily lives and shortage of goods.  If this fight proves to drag on for years, much like in Cuba or other nations under US embargo for decades, we will see if US can maintain the same posture or continue to pay the same political capita to get other nations namely Saudi Arabia to offset the shortage of oil created by Iran!!!!

  

They (Americans) have proven not to have the stomach for lengthy battle as we see their exist out of Iraq and now Afghanistan.  How long before they give up.

  

Sadly the losers in this chicken game will only be the Iranian people.

 

 

'Hambastegi' is the main key to victory 

Mehrdad


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vildemose

 Ghasemi warned OPEC that

by vildemose on Sun Jul 01, 2012 05:36 PM PDT

 Ghasemi warned OPEC that it was producing oil in excess of the daily level of 30 million barrels agreed on at the cartel's June 14 meeting. He called for the emergency session to ensure that future production levels do not continue to exceed the set limit. Venezuelan Energy Minister Rafael Ramirez and Iraqi Deputy Prime Minister Hussein al-Shahristani supported Ghasemi's request.

"We have asked the Secretary General to set up an extraordinary meeting as prices have become irrational," said Ghasemi, as quoted on the Oil Ministry's website.

Ghasemi's call signals growing Iranian anxiety over sinking oil prices and frustration over the role that regional rival Saudi Arabia is playing in the market shifts. It remains to be seen how far Supreme Leader Ayatollah Ali Khamenei is willing to allow the country's economy to be disrupted before his officials employ a less defiant approach in negotiations with the P5+1. Rampant inflation -- by no means solely attributable to, but fueled by sanctions -- has affected the Iranian public's ability to purchase basic food items from vegetables to rice, a staple of the national cuisine.

Homepage photo: Prices for rice (Mehr News Agency).
Read more: //www.pbs.org/wgbh/pages/frontline/tehranbureau/2012/07/news-iran-issues-stark-warning-to-israel-urges-emergency-opec-session.html#ixzz1zQADCBTZ

 

Oppression Creates a State of War--Simone De Beauvoir


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asadabad

Death to khamenei

by asadabad on Sun Jul 01, 2012 07:18 PM PDT

These shiite terrorists deserve to be killed.  The cowardly dogs rulling Iran should have been sanctioned a long time ago.  The international community deserves to be congratulated for putting a noose around ahmadinejad/khamenei's neck.  Nobody wants to hear their barking anyway.


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Fred

Not enough

by Fred on Sun Jul 01, 2012 10:34 AM PDT

Oil embargo is not enough, to begin with, air/naval inspection has to begin right away.

Kicking out all the spy/diplomats from the Islamist Rapist Republic (IRR) in the sane world has to be done right away.

 


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