02-02-2008, 11:26 AM
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 | I used to be cool | | Join Date: May 2007
Posts: 4,116
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| 3 Undersea Communications Cables Cut Between Mideast & South Asia, Iran's Comm Down
http://www.marketwatch.com/news/story/third-undersea-cable-reportedly-cut/story.aspx?guid=%7B1AAB2A79-E983-4E0E-BC39-68A120DC16D9%7D Quote:
DUBAI (Zawya Dow Jones)--A third undersea fibre optic cable running through the Suez to Sri Lanka was cut Friday, said a Flag official.
Two other fiber optic cables owned by Flag Telecom and consortium SEA-ME-WE 4 located near Alexandria, Egypt, were damaged Wednesday leading to a slowdown in Internet and telephone services in the Middle East and South Asia.
"We had another cut today between Dubai and Muscat three hours back. The cable was about 80G capacity, it had telephone, Internet data, everything," one Flag official, who declined to be named, told Zawya Dow Jones.
The cable, known as Falcon, delivers services to countries in the Mediterranean and Gulf region, he added.
"It may take sometime to fix the cut but we are rerouting the traffic to another cable in the U.K. and U.S., the bandwidth utilization will go down," the official said.
There are conflicting reports of how the two Alexandria cables were cut. Oman's largest telecom, Omantel, said a tropical storm caused the damage while du
Sponsored by:
DU.AI, , ) , the United Arab Emirates' second largest telecom, said the cables were cut due to ships dragging their anchors.
"It's ship anchoring," said the Flag official.
-By Tahani Karrar, Dow Jones Newswires, +9714 364 4965 Tahani.Karrar@dowjones.com
Copyright (c) 2007 Dow Jones & Company, Inc.
(END) Dow Jones Newswires
February 01, 2008 05:09 ET (10:09 GMT)
-Contact: 201-938-5400
| Everyone who was majorly affected is almost back up, except Iran. They're at 0%.
Interesting, as this happens to coincide with the next attempt of Iran to finalize the Oil Bourse
From that Wiki article: Quote: |
Although opening an oil bourse has so far been unsuccessful, Iran has had success in asking its petroleum customers to pay in non-dollar currencies. On December 8, 2007 Iran reported to have converted all of its oil export payments to non-dollar currencies. [2]
| Quote: Background
The three current oil markers are all US dollar denominated: North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude. The two major oil bourses are the New York Mercantile Exchange (NYMEX) in New York City and the International Petroleum Exchange (IPE) in London. The proposed Iranian bourse would establish a fourth oil marker, denominated by the euro.
| Quote: December 2007 Iran stops accepting U.S. dollars for oil. [17]
January 2008 Iran's Finance Minister Davoud Danesh-Jafari told reporters the bourse will be inaugurated during the anniversary of the Islamic Revolution (February 1-11) at the latest. [18]
| Could of course, be nothing. But 3 different undersea cables accidentally cut in different locations around the same time, with only Iran being left in the dark still?
First thing you do is cut your enemy's comm abilities.
Food for thought, folks. Take this info however you will.
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Last edited by Paulitics; 02-02-2008 at 11:40 AM.
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