Sunday, 15 July 2007

Iran demands oil payments in yen, not dollars - Russia gets out of pact with NATO

Signs of escalation? This could be serious.

When Iraq demanded euros (instead of dollars) for oil payments, well, you know what happened.

Iran is now doing the same, while at the same time accepting international inspectors in its nuclear sites to appease world public opinion.
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2070938.ece
http://www.bloomberg.com/apps/news?pid=20601087&sid=aLaColVYu5LA&refer=home

A third US carrier is headed for the Gulf:
http://www.forbes.com/business/feeds/afx/2007/07/10/afx3898491.html

Cheney does his usual thing:
http://www.guardian.co.uk/usa/story/0,,2127115,00.html

Russia gets out of pact with NATO:

(From the Guardian)
http://observer.guardian.co.uk/world/story/0,,2126843,00.html

'President Vladimir Putin yesterday signalled that Russia was on a new and explosive collision course with Nato when he dumped a key arms control treaty limiting the deployment of conventional forces in Europe.

Putin said Moscow was unilaterally withdrawing from the Soviet-era Conventional Armed Forces in Europe Treaty because of 'extraordinary circumstances that affect the security of the Russian Federation', the Kremlin said. These required 'immediate measures'.'