berg80
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- Oct 28, 2017
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Oil Prices Jump as U.S. and Iran Exchange Fire
Oil prices, after falling last week, climbed on Monday as investors weighed a renewed exchange of military strikes between the United States and Iran against indications that both sides remain engaged in negotiations aimed at securing a lasting peace agreement.Stocks were mixed, pulled higher in East Asia by the continued surge in interest in artificial intelligence, and lower in Europe.
The United States said it carried out a series of āself-defenseā strikes in Iran over the weekend, the latest in a series of attacks in the past week. Iranās Revolutionary Guard announced that it had struck a U.S. air base in retaliation for a U.S. attack on a communications facility.
Oil Prices Jump as U.S. and Iran Exchange Fire
Oil prices climbed as investors weighed a renewed exchange of military strikes between the United States and Iran against signs that both sides remain engaged in negotiations.
It makes me think of a couple of adolescent brothers kicking each other in the back seat of a car during a long drive after telling mom and dad they'd stop fighting.
From a domestic political standpoint I can't see how trump can agree to the terms Iran is asking for. Especially after R's spent years hammering away at the Iranian assets returned to them by the US in exchange for forgoing a program to develop a nuclear bomb. Sending much (97%) of their partially enriched uranium out of the country.
Trump Seeks to Abolish Iranās Atomic Stockpile, a Problem He Helped Create
Today, international inspectors say, Iran has a total of 11 tons of uranium, at various enrichment levels. With further purification, that is enough to build up to 100 nuclear weapons ā more than the estimated size of Israelās arsenal.Virtually all of that cache accumulated in the years after Mr. Trump abandoned the Obama-era deal. That is because Tehran lived up to its pledge to ship to Russia 12.5 tons of its overall stockpile, about 97 percent. Iranās weapon designers were left with too little nuclear fuel to build a single bomb.
Trump Seeks to Abolish Iranās Atomic Stockpile, a Problem He Helped Create
President Trump withdrew from the Obama-era nuclear accord in 2018, saying it was the worst deal ever. But Iran responded with an enrichment spree that haunts the negotiations to this day.
The US has superior military might. Iran has control of the Strait, and consequently controls a vital lifeline to the world's economy. Concessions must be made by both sides for a negotiated agreement to work yet each keeps sticking a finger in the eye of the other. All the time the world's reserve supply of oil is dwindling. Which is Iran's hole card. How could Don, Pete, Tulsi, Marco, et al been so shortsighted as to get in to this intractable predicament?
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