Oil Prices Spike, Israel Demands Even More Hostile Actions
The Obama Administration has announced yet another new round of sanctions against Iran today, targeting several companies that it believes are “front organizations” helping Iran to continue shipping oil abroad.
The companies were not exclusively involved in the oil industry, and the sanctions also included moves against companies believed to be linked to general international shipping. Treasury Department official David Cohen said the moves would foil “deceptive efforts” by Iran to sell oil to other countries.
The move had a negative effect on financial markets, with analysts saying that they added to concerns that the ever growing array of US sanctions were building up to a full-scale war. Oil prices likewise spiked on the news, fearing it would threaten international supply.
All this appeared insufficient from the position of Israeli hawks, as Vice Premier Moshe Ya’alon demanded that the US “show it is serious” by making even harsher statements and imposing even more sanctions in the lead-up to the next round of talks.
Last 5 posts by Jason Ditz
- Karzai Aide: Afghans Won't Bow to US Pressure on Pact - December 6th, 2013
- Hagel: Attacking Iran Still an Option - December 6th, 2013
- NSA Defends Cellphone Tracking: Reagan Authorized It - December 6th, 2013
- Pakistan PM Plans Crackdown on Anti-Drone Protests - December 6th, 2013
- Key Israel Lobby Groups Back Off Attacks on Iran Deal - December 6th, 2013