IAEA Gets Nowhere With Iran Nuclear Talks
While Iran's willingness to reopen talks with the International Atomic Energy Agency about their nuclear program was a surprise, it seems that the motion was mostly for show. Several rounds of…
CVN-72 Abraham Lincoln Get's Some Valentine's Day Love From Iran: Escorted Through Hormuz
As the Carrier Abraham Lincoln left the gulf Tuesday, it's battle group contingent was on high alert. According to the AP: The passage ended a Gulf mission that displayed Western naval power amid…
Saudi Arabia Will Not Let Oil Go Above $100
According to Saudi Prince Alwaleed bin Talal al Saud, the billionaire head of Kingdom Holding Co., Saudi Arabia is poised to limit the appreciation of oil to no greater than $100 a barrel. "We can…
With Iran Offline, Oil Could Jump 30%
Despite our massive emergency oil reserves (see here), the IMF estimates a halt in Iran crude could produce a rather dramatic effect in the price of oil: "If Iran halts exports to countries without…
What Does a Third Carrier Battle Group in the Gulf Mean?
Having already recently warned the US (Jan 3), Iran is certainly not going to appreciate the addition of a third Carrier Battle Group around the Strait of Hormuz which was announced yesterday on…
As promised, the…France Said to Seek Faster Start to EU Iran Oil Embargo
Oil markets see a bit of a boost from France's push toward cutting the grace period before implementing a ban on Iranian crude in half, breaking a 4 day loosing streak.