As the US second and tougher sanctions on Iran approach (Nov 4th), many countries have begun to reduce their purchases of Iranian oil and its exports have already dropped one million barrels a day (from a high of 2.7 Million bpd to 1.7 Mill bpd in August 2018). Continue reading “OPEC’s Current Dilemma”
COMMENTS: The insistence of the US to implement its harsh sanctions on Iran while at the same time implementing sanctions on Russia, China, North Korea, Venezuela, etc. And threatening the EU and the rest of the world, if they move a finger in Iran’s aid, might in the end turn cornered victims into roaring lions. Continue reading “Will Iran Sanctions Speed De-Dollarization?”
DAILY BASKET – NEWS COMMENTARY
Iran and Russia Developing Barter Trade
MARSAL COMMENTS: Russia and Iran announced an “Oil-For-Goods” deal, where Iran sells Russia around 100,000 barrels of oil per day and gets paid in goods such as construction, railroad and airport equipment, etc. Continue reading “Iran and Russia Developing Barter Trade”
It Is The Gulf Of Mexico, Stupid!
CNN and the other unbiased media, reported the unprofessional and unsafe actions of the Iranians, who, last week, sent their small patrol boats to harass two US naval ships, a destroyer and a missile carrier. The puny boats got as close as quarter of a kilometer, before the ships fired warning shots to ward them off.
The Pentagon was indignant that the Iranians were so brash, to flaunt the Freedom of the Seas Law, and bother innocent ships routinely transiting the Gulf, and in international waters. Continue reading “IT IS THE GULF OF MEXICO, STUPID!”