What is the chance that the US will move the aircraft carrier back ?
Iran threatens U.S. Navy as sanctions hit economy By Parisa Hafezi
TEHRAN (Reuters) - Iran threatened Tuesday to take action if the U.S. Navy
moves an aircraft carrier into the Gulf, Tehran's most aggressive statement yet after weeks of saber-rattling as new U.S. and EU financial sanctions take a toll on its economy.
The prospect of sanctions targeting the oil sector in a serious way for the first time has hit
Iran's rial currency, which has fallen by 40 percent against the dollar in the past month.
Queues formed at banks and some currency exchange offices shut their doors as Iranians scrambled to buy dollars to protect their savings from the currency's fall.
New sanctions signed into law by U.S. President Barack Obama on New Year's Eve would
cut off any financial institutions that work with Iran's central bank from the U.S. financial system, blocking the main path for payments for Iranian oil.
The EU is expected to impose new sanctions by the end of this month, possibly including a
ban on oil imports.Even Iran's top trading partner China - which has refused to back new global sanctions against Iran - is
demanding discounts to buy Iranian oil as Tehran's options narrow. Beijing has cut its imports of Iranian crude by more than half for January and, paying premiums for crude from Russia and Vietnam to replace it.
The new U.S. sanctions law, if implemented fully, would make it
impossible for many refineries to pay Iran for crude. It imposes measures gradually and allows Obama to offer temporary waivers to prevent an oil price shock.
The European Union is expected to consider new measures by the end of this month, possibly including a
blockade. EU members such as such as crisis-hit
Greece are still buyers of Iranian oil, which trades at a discount.
"France ... wants sanctions toughened and the president (Nicolas Sarkozy) has made two concrete proposals on that front - the first being the
freezing of Iranian central bank assets, a tough measure, and the second an
embargo on Iranian oil exports," Juppe told i>tele, a French TV channel.
Beijing has been driving a hard bargain. China, which bought 11 percent of its oil from Iran during the first 11 months of last year, has cut its January purchase by about 285,000 barrels per day, more than half of the close to 550,000 bpd that it bought through a 2011 contract.
The economic impact is being felt ahead of a
nationwide parliamentary election on March 2, the first vote since a disputed 2009 presidential election that led to the worst unrest since Iran's 1979 revolution.
http://www.reuters.com/article/2012/01/ ... pnewsearly
It's all about "how much you made when you were right" & "how little you lost when you were wrong"