US Passes Strong Sanctions Against Iran

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  • Thu, Jul 01, 2010 - 03:45pm

    #41
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    Re: US Passes Strong Sanctions Against Iran

Thanks for the update machinehead…I hope sanctions are all that is in the cards for now.  It seems dangerous to me to have so many warships in a sensitive area – any accident or mistake could lead to war with Iran.  But I guess it would then be “their” fault.

It really disturbs me that the G-20 and others are reporting the possibility of an imminent attack by Israel.  They have little military resources in harms way compared to the U.S. who is really the muscle.  If Israel wants to attack Iran why do they need us?  They have a big navy and should send their own troops into harms way.

I should note that the Israeli economy is doing quite well while we are going bankrupt.  We are allowing unemployment benefits to expire in an economy with close to 20% unemployment but yet we have billions for Israel every year and no one in Washington will ever talk about it unless more is needed. 

Larry

  • Thu, Jul 01, 2010 - 05:54pm

    #42
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    Re: US Passes Strong Sanctions Against Iran

Today the WSJ features a front-page article about Iran giving Syria a radar system. Here is a summary from BBC:

Iran has given Syria an advanced radar system that could threaten Israel’s air supremacy in the region, a US newspaper has reported.

The Wall Street Journal said Israel’s ability to overfly Syria and hit Iran’s nuclear facilities could be hampered. Four unnamed US and Israeli officials told the Wall Street Journal that the radar system had been transferred to Syria in mid-2009.

An unnamed Israeli military official has told the Reuters news agency that Syria, Israel’s northern neighbour, has received a radar system from Iran, but declined to give further details.

http://news.bbc.co.uk/2/hi/world/middle_east/10473515.stm

Sort of an Iranian version of the US ‘DEW line’ [Distant Early Warning] in northern Canada, during the Cold War days.

 

 

  • Thu, Jul 01, 2010 - 07:53pm

    #43
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    Re: US Passes Strong Sanctions Against Iran

Compare and contrast:

IraQ-UN resolution passed just prior to use of military force:

http://www.un.org/News/Press/docs/2002/sc7623.doc.htm

IraN–UN resolution 1929

http://www.lexology.com/library/detail.aspx?g=767b4fc1-4ee1-4b8f-a646-adcf55b5c144

 

 

June 10, 2010–Tribune–sanctions don’t stop Iran from defending itself:

http://www.worldtribune.com/worldtribune/WTARC/2010/me_iran0515_06_10.asp

Really?

Mid June:

For a nation just barely wriggling out of the worst economic recession in 15 years, a $1 billion arms sales contract may be a tidbit too tempting to ignore. Yet Moscow said in mid-June that it would freeze the delivery of S-300 air-defense systems to Iran, following a new round of UN sanctions imposed on Tehran on June 9, prompting industry experts to question the wisdom of Moscow’s move.

http://www.russiaprofile.org/page.php?pageid=International&articleid=a1277995153

 

  • Thu, Jul 01, 2010 - 09:22pm

    #44
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    Re: US Passes Strong Sanctions Against Iran

From the Financial Times — the fallout (oops, awkward word choice!) begins before O’Bomba even signs HR 2194:

Lloyd’s of London, the insurance market, is restricting cover for any ships carrying petroleum to Iran.

With President Barack Obama due to sign new sanctions legislation into law on Thursday night, Lloyd’s said it would move to ensure its members complied with the US rules, the toughest unilateral measures taken against Iran in over a decade. “Lloyd’s will always comply with applicable sanctions,” said Sean McGovern, general counsel.

International companies that defy the unilateral measures could be barred from conducting any transactions with US banks and have their US assets frozen, as well as being denied US government contracts.

The sanctions take aim at companies providing Iran with petroleum and the underwriters of those shipments. They also target international banks that trade with Iran’s Revolutionary Guard Corps, or with 16 blacklisted Iranian banks. Because of limited refining capacity, Iran depends on imported petroleum to meet between a quarter and a third of its domestic consumption. 

http://www.ft.com/cms/s/0/a836e2e2-8531-11df-9c2f-00144feabdc0.html

Ugghh. It all sounds so plausible — Lloyd’s (a UK company) cooperating with a US fuel embargo of Iran. But it also means that if hostilities break out, Lloyd’s is off the hook. Interesting timing …

Cutting off fuel to a nation which lacks sufficient domestic refining capacity is a very serious action, designed to produce economic chaos. The U.S. blockade of Japanese oil imports in 1940-1941 was a precursor of Japan’s attack on Pearl Harbor.

Whereas the United Nations sanctions are specifically targeted at weapons, the sweeping US sanctions are aimed at shutting down Iran’s economy and trade. The U.S. is de facto declaring war on Iran, by imposing a state of economic siege.

Every possible provocation, including multiple aircraft carriers looming off Iran’s coast, is being employed by the U.S. to foment a shooting war. Pretty ironic, when one considers that the U.S. is actually more dependent on energy imports than Iran is. And Karma is a b-b-b- … (I can’t say it; I don’t wanna be accused of sexism twice in the same week).

  • Thu, Jul 01, 2010 - 09:23pm

    #45
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    Re: US Passes Strong Sanctions Against Iran

As I said, Russia is the Wild Card.  If they give the go ahead, and I fully expect them to, if they haven’t already….then game on.  Now again, how is China going to react as well as the Pakistani Public?  And who’s to say that tptb aren’t trying to force a showdown with China or a rash move by Pakistan?  

Scenario 1:  China moves, India reacts to China, Pakistan reacts to India…….boom.

Scenario 2:  Pakistan reacts, India reacts to Pakistan, China reacts to India…..boom

 

All with military action going on between Israel and Iran, in which the US is either directly involved or covertly involved.

  • Thu, Jul 01, 2010 - 09:50pm

    #46
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    Re: US Passes Strong Sanctions Against Iran

The Economist names several companies cooperating with the U.S. fuel embargo of Iran:

Now France’s Total has joined BP, India’s Reliance, Malaysia’s Petronas, Russia’s Lukoil and others in stopping gasoline sales to Iran (which imports 30-40% of its petrol). Spain’s Repsol is just the latest energy firm to junk contracts in Iran’s gas or oil fields.

http://www.economist.com/node/16483587?story_id=16483587&fsrc=rss

This is not a big deal for the oil companies — Iran is a small consumer in the overall fuel market; they can sell their gasoline elsewhere. But it’s a very big deal for Iran, losing all of its fuel suppliers, as well as the ability to pay them through legitimate banking channels.

As the Economist article mentions, Iran is friendly with Venezuela, which has the capacity to export some gasoline to Iran. If it did, the US likely would impose a trade embargo on Venezuela, too, under the bill O’Bomba will sign tonight. 

A more credible source of fuel, since it shares a border with Iran, is Turkey. Turkey voted against the UN sanctions on Iran. If Turkish traders bring fuel into Iran over the land border, would the US turn a blind eye, or implement a trade embargo against a fellow NATO member?

This can get real crazy in a hurry, as one falling domino tips over the next one. 

  • Thu, Jul 01, 2010 - 10:45pm

    #47
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    Re: US Passes Strong Sanctions Against Iran

From JTA:

WASHINGTON (JTA) — President Obama signed enhanced Iran sanctions into law.

Obama invited representatives of a number of pro-Israel groups as well as the Congressional leadership of both parties to witness the signing Thursday evening of sanctions that target third parties that deal with Iran’s energy and finance sectors, as well as human rights abusers.

http://www.jta.org/news/article/2010/07/01/2739887/obama-signs-iran-sanctions

 

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  • Thu, Jul 01, 2010 - 10:45pm

    #48
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    Re: US Passes Strong Sanctions Against Iran

From JTA:

WASHINGTON (JTA) — President Obama signed enhanced Iran sanctions into law.

Obama invited representatives of a number of pro-Israel groups as well as the Congressional leadership of both parties to witness the signing Thursday evening of sanctions that target third parties that deal with Iran’s energy and finance sectors, as well as human rights abusers.

http://www.jta.org/news/article/2010/07/01/2739887/obama-signs-iran-sanctions

 

No comment necessary.

  • Thu, Jul 01, 2010 - 10:53pm

    #49
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    Re: US Passes Strong Sanctions Against Iran

—and gold starts to inch back up. Coincidence, connection? You decide.

  • Thu, Jul 01, 2010 - 10:59pm

    #50
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    Re: US Passes Strong Sanctions Against Iran

Does the fact that gold TANKED today weigh against the idea that some sort of military action is on the horizon?

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