Saturday, March 24, 2012

Iran Sanctions Seen Pushing Up Oil Prices

Disaster on the brink of becoming a catastrophe….

Reuters political risk analyst Peter Apps reports Western sanctions have not only failed to stop Iran's menacing nuclear advance; the measures have "helped push oil prices to levels seen threatening the global economy." Even worse, he reports that "far from producing compliance, ratcheting up the economic pressure is making the Islamic Republic more volatile, unpredictable and perhaps dangerous," according to experts. Click here to read his piece.

One hopes that U.S. President Barack Obama and his Russian and Chinese counterparts will discuss Iran in a truly serious way on the sidelines of the upcoming nuclear security summit in Seoul, South Korea, as appeasement of Iran seems to have made war inevitable, much the way appeasement of Nazi Germany in the 1930s made World War II inevitable.