They are making decisions about whether and how to respond to what they see as a massive attack on their interests from the U.S. via sanctions by attacking U.S. interests in turn, and those of U.S. partners they believe are responsible for U.S. policy.

Richard Nephew

Categorized in : Top News

Europe and the United States are so integrated that it is implausible that the Europeans will be able to use current institutions to engage in transactions with Iran, if they really want to do this, then they'll need to set up siloed institutions that have no U.S. exposure and then to protect those institutions with the threat of retaliation against the United States.

The real problem is does this stop these countries and the companies from their work to render the Arak and Fordow facilities safer? if it causes them to stop that work and gives Iran an excuse to restart Fordow or to rebuild Arak as a plutonium-production reactor, then we will have done real damage to our nonproliferation objectives.

Iran is now free to sell as much oil as it wants to whomever it l... by Richard Nephew

Iran is now free to sell as much oil as it wants to whomever it likes at whatever price it can get.

You will rapidly find that we will have to make sanctions decisio... by Richard Nephew

You will rapidly find that we will have to make sanctions decisions that are not very attractive.

New oil will not flow from Iran until 2016 and there will probably be less of it than optimists predict.

I estimate 300,000 - 500,000 new barrels of oil on the market within 6-12 months after a deal begins to be implemented.