Sanctions may force Iran to discount oil

Discussion in 'Iran' started by JimH52, Jan 12, 2012.

  1. JimH52
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    JimH52 Gold Member

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  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Gas prices gonna go up...
    :eek:
    Iran oil boycott menaces world economy
    Jan. 15, 2012 -- Some financial analysts say the rising tensions over Iran's nuclear program could throw a wrench into the world economy.
    See also:

    Iran warns its Gulf neighbors against producing more oil
    Mon, Jan 16, 2012 - Iran warned its Arab neighbors on Sunday not to raise crude output to replace Iranian oil in the event of an embargo by the EU, Tehran’s OPEC Governor Mohammad Ali Khatibi was quoted as saying.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Gettin' ready for the big showdown...
    :eusa_eh:
    British, French ships join US carrier in Strait of Hormuz
    Jan 23, 2012: British and French ships joined a US carrier group in a six-strong flotilla of warships which passed through the sensitive Strait of Hormuz, Britain's Ministry of Defence said Sunday.
     
  4. toomuchtime_
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    toomuchtime_ Gold Member

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    They are crazy and they may be stupid enough to try to close the Strait of Hormuz, but to try they would have to attack international shipping and that would mean they would lose their navy in short order and probably at least some of their land based military capability and the Strait would only be slowed down for a very short time.
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    toomuchtime_ wrote: They are crazy and they may be stupid enough to try to close the Strait of Hormuz,

    Den how dey gonna get their oil to China, their biggest customer?
    :confused:
     
  6. toomuchtime_
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    toomuchtime_ Gold Member

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    It would be a desperate move. If the US and EU sanctions are firmly implemented, Iran will have a hard time selling its oil, and while China has been buying about 20% of Iran's output, it is now demanding discounts and better terms, and it has cut back on its oil purchases until Iran complies with its demands, so Iran will shortly be unable to pay its bills with or without selling oil to China, and they may be desperate and stupid enough to try to get the US and EU to back down by trying to close the Straits of Hormuz.

    Of course, it would be wrong to say Iran would be forced to try to close the Strait. It could end all of this by giving international arms control inspectors unfettered access to all of its nuclear and missile programs and all relevant records.
     
  7. Two Thumbs
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    Two Thumbs Platinum Member

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  8. waltky
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    waltky Wise ol' monkey Supporting Member

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    Kinda sounds like the oil producers are being divided up into three camps...

    ... one camp for the Asia market...

    ... one for the US & EU markets...

    ... and one for the rest of the world...

    ... divide and conquer...

    ... a stratergy fer bringin' down oil prices.
    :eusa_eh:
     
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    Last edited: Jan 23, 2012
  9. Two Thumbs
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    It "could".

    the persian and arabs hate each others guts and we could have the Canadians and some other Americas to rely on.
     
  10. Katzndogz
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    Katzndogz Diamond Member

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    Are the Brits and French up to keeping Iran from closing the Strait?
     

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