It's crazy, but it's coming soon. The armed forces are working out details. Impeachment may be the only way to stop it.
It's crazy, but it's coming soon. The armed forces are working out details. Impeachment may be the only way to stop it.
Iran has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran's disputed nuclear ambitions, an Iranian weekly said.
Western powers are warning the Islamic Republic of more punitive measures if it rejects an incentives offer and presses on with sensitive nuclear work, but the world's fourth-largest oil exporter is showing no sign of backing down.
"Part of Iran's assets in European banks have been converted to gold and shares and another part has been transferred to Asian banks," Mohsen Talaie, deputy foreign minister in charge of economic affairs, was quoted as saying.
Iran, OPEC's second-largest producer, has completely stopped conducting oil transactions in U.S. dollars, a top Oil Ministry official said Wednesday, a concerted attempt to reduce reliance on Washington at a time of tension over Tehran's nuclear program and suspected involvement in Iraq.
Iran has dramatically reduced dependence on the dollar over the past year in the face of increasing U.S. pressure on its financial system and the fall in the value of the American currency.
Oil is priced in U.S. dollars on the world market, and the currency's depreciation has concerned producers because it has contributed to rising crude prices and eroded the value of their dollar reserves.
And according to some, the US went to war over this very issue, oil no longer being priced in dollars.
The list of those who are less than fully confident in the Pentagon's video/audio mashup of aggressive maneuvers by Iranian boats near American warships in the Strait of Hormuz now includes the Pentagon itself.
Unnamed Pentagon officials said on Wednesday that the threatening voice heard in the audio clip, which was released on Monday night with a disclaimer that it was recorded separately from the video images and merged with them later, is not directly traceable to the Iranian military.
That undercuts one of the most menacing elements from the Pentagon's assertion that Iranian forces threatened the Navy ships: The voice on the radio saying, "I am coming to you. ... You will explode after ... minutes."