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Video: India to Pay for Iranian Crude Oil in Gold Instead of Dollars

OIL

The EU has delivered on its threat to ban the import of crude oil from Iran, in response to its nuclear programme. The latest round of sanctions prohibits any new oil contracts, while allowing for existing deals to run until July but Tehran is apparently finding ways to keep business pumping. Reports say Iran will keep supplying one of its biggest customers – India – but will get payment in gold instead of dollars. Video* length: 02:37 minutes.

January 23rd, 2012 | Posted in Gold/Silver,Investing,Oil and Gas | Read More »

What Happens to Oil Prices if Israel Bombs Iranian Nuclear Facilities?

OIL

We now believe that there is at least a 50% probability of Israeli airstrikes against Iranian nuclear sites… Iran has multiple retaliatory options at its disposal…[and it begs the question:] Which options would most adversely affect the price of oil? [Let's take a look at what those options would be.] Words: 544

November 9th, 2011 | Posted in Investing,Oil and Gas,Other Commodities | Read More »

“Forces of Fortune: The Rise of the New Muslim Middle Class” – A Book by Vali Nasr

A sunny vision of that region’s future that should interest anyone concerned with global business or politics. He argues that entrepreneurial, religiously conservative contingents in such countries as Turkey, Pakistan, and Iran can propel the Middle East into a democratic and prosperous 21st century. Words: 676

March 1st, 2010 | Posted in Economy | Read More »

 

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