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Iran Retaliates Against the West for Coming Sanctions

Updated on February 2, 2012

There is not a day where either Iran or the West ratchets up the tension over the Iranian development of the nuclear bomb. Since Obama and Europe have agreed to end their business relations with Iran slowly at first but totally OFF by July, Iran has been busy trying to retaliate in some fashion. Yes, the military closing of the Strait of Hormuz probably will come to pass, at least, for a short time and probably be prolonged because of the mines that Iran will use to keep oil tanker traffic to a crawl.

Now, Iran's government has sort of turned the economic choking onto the West. Iran is not an isolated country, in fact, if you go to Iran you will see tons of Western consumer goods there being sold. So, Iran, starting in a week or two, will beat the West to the punch, so to speak, by cutting Europe off from its oil for the next 5-15 yrs. Remember, many countries in the EU get a good amount of it from Iran. Saudi Arabia has promised to fill the void. The other thing Iran will do is to halt doing business with many Western companies (Mazda, Kia, Samsung, Shell, BASF, Renault, Siemens, Fiat, Hyundai, Volvo, BP) and stop importing all of their products.

The cutting off the oil to Europe could be serious when lasting YEARS. Right now, the US sanctions are in terms of MONTHS. Would the EU be able to survive without Iranian oil and would Saudi Arabia be able to fill the loss for years?

Remember, China is heavily invested in Iran to the tune of billions. They get most of their oil from them and are willing to use gold instead of dollars for it. India, is a lesser partner in Iran, yet, it too will use gold instead of dollars for Iran's oil to bypass the sanctions. This means for Iran, their main oil customers and their main revenue source continues to flow circumventing the banks that the sanctions deal with.

Iran will hurt from the sanctions as they tighten, but sometime before July, the whole issue will explode, in some manner. Both sides are preparing and we are approaching "high noon" at the OK Corral.

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    • maxoxam41 profile image

      Deforest 

      6 years ago from USA

      Are your Iranian friends American? If they are there is a big difference. They were the ones who flew Iran when the despot the shah was overthrown!

    • perrya profile imageAUTHOR

      perrya 

      6 years ago

      Oh maxo, there is NOTHING false about it. U just argue for the sake of argument. iran imports many western goods, I have iranian friends. As to their retaliation, it is in the news,just not in the headlines.

    • maxoxam41 profile image

      Deforest 

      6 years ago from USA

      It is feeding false information to ignorant people who mostly agree with him! Based upon what? His interpretation!

    • maxoxam41 profile image

      Deforest 

      6 years ago from USA

      No you can't! It is subjective!

    • Kathleen Cochran profile image

      Kathleen Cochran 

      6 years ago from Atlanta, Georgia

      A little harsh maxoxam41. You can write about a country without having a stamp in your passport. As usual perrya, you've started a conversation with a lot of thought-provoking information. Up and interesting.

    • maxoxam41 profile image

      Deforest 

      6 years ago from USA

      Are you a specialist in Iranian affairs "if you go to Iran..."? Have you ever been there? If not, isn't it propaganda? Obviously.

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