Iran Cuts Oil On Europe

T

tradingjournals

1. Since Iran announced its intention, oil price rose (in two trading days only) from 101 to 1.05.

2. When Europe announced the oil embargo on Iran, the price of oil went down.

So the markets are pricing europe's words as if bluff, and Iran's words as solid. Maybe the european's move was mainly aimed at using the announced sanctions as an edge in the coming negotiations with Iran with the assumption that it would not be implemented when July 1 comes. If so, is the strategy backfiring, and are the iranians outsmarting the europeans?
 
Iran should be punished for its lack of free trade of oil, a vital resource.

We need to bomb Iran hard and destroy its nukes. If Iran tries to defend itself with its terrorist military, we should reserve the right to use nukes on the Iranian military and those that support it's terrorism (family, friends etc of the miltary).

God bless Israel and USA.
 
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