iran

energyOne Thousand US Troops Sent to Middle East in Response to Iran’s Attack on Oil Tankers

One thousand U.S. troops are being sent to the Middle East in response to last week’s attacks on oil tankers in the Gulf of Oman. The US accused Tehran of being responsible for an explosion that set two oil tankers …

cubaCuba, Venezuela and Iran Oil Problems Under US Sanctions

Iran dropped 154,000 bpd to 2.554 million bpd in April. Iraq dropped 113,000 bpd to 4.63 million bpd. Saudi Arabia had 45,000 bpd less oil in April at 9.742 million bpd. Venezuela had a slight increase of 28,000 bpd to …

chinaThe Possible Meaning and Impacts of Huawei Global CFO Arrest in Canada

Huawei’s global chief financial officer, Meng Wanzhou, has been arrested in Vancouver and is being sought for extradition by the US government. The reason was because Huawei violated US sanctions against Iran. Hong Kong fell about 2.5% and Tokyo stocks …

franceFrance freezes Iranian assets over foiled bombing attempt

France said on Tuesday there was no doubt Iran’s intelligence ministry was behind a June plot to attack an exiled opposition group’s rally outside Paris and it seized assets belonging to Tehran’s intelligence services and two Iranian nationals. The hardening …

energyOil prices go and stay above $80 per barrel for a while

IEA (International Energy Agency) and Saudi Arabia oil prices will go and stay above $80 per barrel as output from Venezuela and Iran drops. Saudi Arabia lifted output by 70,000 barrels a day to 10.42 million last month. This is …

cryptocurrenciesWill failed national cryptocurrencies lead to adoption of better cryptocurrencies?

Iran is launching a cryptocurrency backed by its national fiat currency the Rial. Transactions will be recorded on a private blockchain based on open-source Hyperledger Fabric technology. The Central Bank of Iran will control the issuance of new tokens at …

iranPentagon and US Navy are ignoring Iran’s claim of controlling the Persian Gulf

Pentagon leaders say the U.S. Navy has no intention of altering any operations in the region. Iran has claimed control of the Persian Gulf and the Straits of Hormuz. Iran has about 100 small patrol boats that look like large …

energyIran claims it now controls the Straits of Hormuz and this could trigger US-Iran war

The head of the navy of Iran’s Revolutionary Guards, General Alireza Tangsiri, said on Monday that Iran had full control of the Gulf and the U.S. Navy did not belong there. Tangsiri said Iran had full control of the Gulf …

iranIran getting low enriched uranium back from Russia

Iran is taking back another batch of the 20% enriched uranium stockpiles that were sent to Russia as part of the 2015 nuclear deal. 11 tons of low enriched uranium was originally sent from Iran to Russia. Iran has already …