Oil Prices Rising Alongside Tensions in Iran



Comments (2)

  1. Earl Richards says:

    Iran will not close the Straits of Hormuz, because the closing would block Iran’s export trade, including oil shipments to Japan, China, India and Korea. Iran is not going to strangle itself. Iranian oil has no effect on the US oil price, because Iranian oil is not exported to the US and because Iran and the US do not have diplomatic relations. Iranian oil is traded on the Iran Oil Bourse and on the Singapore spot market and has no effect on the oil markets of western Europe and North America. The closing the Straits is being used as a phony excuse by Big Oil, Wall Street and their media pundits to increase the price of oil.

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  2. Anderson says:

    Let’s not forget that Turkey has a nceular arsenal of its own (sort-of). Despite the fact that the Cold War ended about 20 years ago, the United States has forward deployed 200 tactical nceular weapons throughout Europe. In fact, 90 of these gravity bombs (designed to be delivered by aircraft) are located at the Incirlik Air Base near Adana, Turkey.Other than France and Great Britain (which have their own strategic and tactical nceular arsenals), more nceular weapons are present on Turkish territory than any other nation in Europe. By way of comparison, the U.S. has forward deployed only 20 of these weapons in Belgium (at Kleine Brogel Air Base), 20 in Germany (at Bfcchel Air Base), 20 in the Netherlands (at Volkel Air Base) and 50 in Italy (at Aviano Air Base). These weapons were originally intended to deter a Soviet invasion of Europe and were long considered a political plum for those nations that had them; this was especially true of Turkey (which used to brag that the U.S. stationed more nceular weapons in Turkey than it did in Greece). Of course, these weapons are ostensibly controlled exclusively by the Americans and could never be launched without a direct order of the President of the United States.There is some debate about whether Turkey would object to the removal of these 90 warheads. The current government has issued somewhat muddled and tentative statements that they would be willing to see these weapons removed but it is unclear that the Turkish military would support this. In fact, some have suggested that acquiescing to the removal of these weapons is a red line that Turkey’s civilian government had better not cross unless it wants real trouble with the military.It has even been suggested that if Iran acquires nceular weapons, Turkey will feel obliged to develop its own independent arsenal despite the protestations of the current government that it would not do so.Those interested in this subject can begin their research at the website of the Bulletin of Atomic Scientists. The BAS has an extensive archive of material on Turkey, NATO and American tactical nceular weapons.

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