By Micah Halpern
I've Been Thinking:
Iran is once again showing mastery in international gamesmanship.
Iran has announced that international observers may enter their country and they have expressed willingness to talk about their nuclear program.
This action automatically throws a monkey wrench into the sanction plan of the United States. Now the countries that the US is courting to join with them in international sanctions can respond by saying: let's wait, Iran is showing a willingness to talk.
At the same time Iran is threatening to close the Straits of Hormuz.
On any given day about 30% of the world's oil travels through those narrow straits. This threat increases the price of oil and adds pressure to the oil dependent economies of Europe - it applies the crunch that makes it very difficult to think straight. With all this maneuvering emanating from Iran it stands to reason that European countries will start to wonder if acting against Iran's oil is in their individual best interest when their oil costs are going to sky rocket.Iran prepped these actions very well and they expect to see serious results.
Micah@MicahHalpern.com
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