The Iran Conflict

IRAN Conf 1 c t The dark prospect of war now looms in the Middle East, as the West's confrontation with Iran over its nuclear programme inches towards the point of no return. How Did It Start? The Khatami government of 2000 Iran managed to reduce the sanctions for some items like Radical students in Tehran pharmaceuticals, medical equipment, 1979 seized the American Embassy and took hostage 52 diplomats inside. A few days later American President Carter froze about $12 billion in Iranian assets, including bank deposits, gold and caviar or rugs. US Department of Treasury 2004 ruled against editing or publishing scientific manuscripts from Iran. other properties. The US approved sanctions 1984 that prohibited weapons sales and all U.S. assistance to Washington imposed sanctions 2007 on several Iranian banks and Iran. branded the Revolutionary Guards as proliferator of weapons of mass destruction. President Reagan 1987 prohibited the import and export of any goods or services from Iran. Nearly 10,000 2010 exceptions to U.S. sanctions rules worldwide were approved over the preceding decade by issuing special President Bill Clinton issued licenses for American companies. 1995 executive orders preventing U.S. companies from investing in Iranian oil and gas and trading with Iran. The US imposed new sanctions 2011 against Iran Air and Tidewater Middle East Co. stating that they had provided material support to the Iranian Revolutionary Guard Corps (IRGC), which The US Congress passed the act 1996 which punishes any US or foreign company that invests over $20 million for developing was already subject to UN sanctions. petroleum resources in Iran. Latest Actions Against Iran On January, 2012, opposing Iran's nuclear program, the EU imposed a range of economic sanctions against Iran including an immediate embargo on new The EU, along with the US and Israel, accuses Iran of trying to develop nuclear weapons. Iran maintains that its nuclear program is aimed at civil contracts for crude oil and petroleum products and a freeze on the assets of Iran's purposes. central bank in the EU. How Sanctions Affect Iranian Economy? Iran's oil production has fallen significantly because of the difficulties Iran has faced in updating its oil production facilities. Sanctions have reduced Iranian oil exports leading to significant drop in foreign exchange earnings. Iran's aviation industry has been severely damaged. Iran's banking has been badly affected. Iran's banks can not make international transactions now. Iran has lost its access to all its foreign assets reserved in the US, EU and several other countries. Cost of goods including basic products are ever increasing because of no or low import. According to U.S. officials, Iran may lose up to S60 billion in energy investments annually. Iran faces a huge unemployment problem. Importance of Iranian Oil Iran exports 2.5 million barrels of oil per day, about 3 percent of world supplies. It is estimated to hold 137 billion barrels of proven oil reserves, nearly 10% of the world's total. If there were no sanctions on Iran, the cost of oil could have been 10% lower. Top Iranian Oil Importers 25% 22% 14% - China imports 22 % of Iranian crude O Japan -14 % 12%, 10% India - 12 % South Korea - 10 % * The EU - 25 % Within the EU the three major importers are Italy, Spain and Greece, all with very fragile economies. Opposition to Oil Embargo & New Sanctions Countries like China, Russia and India have opposed the latest EU sanctions on Iran on the following grounds. O New sanctions could lower chances for future dialogue with Tehran on its nuclear ambitions. There are predictions that the EU ban on oil imports will backfire and affect the Mediterranean countries more than Iran. O Dialogue and cooperation is the only correct and effective solution to resolve the Iran nuclear issue. Iranian Oil Embargo Impact On The World: Iranian oil embargo will destabilize oil markets and undermine the global energy security. Oil prices could soar toward $200 per barrel and deliver a blow to already wobbly Western economies. Countries and companies will have to choose between doing business with Iran or the United States. Italy already risks the closure of five refineries and at a European level there are about 70 possible shutdowns. South Africa's oil refineries may have to carry out multimillion-rand reconfigurations. The price of gas has almost doubled in Ireland and people are concerned about another spike in fuel price. US dollar may weaken as some countries may start importing Iranian oil in exchange of gold. Countries like Greece and Spain, which are heavily dependent on Iranian oil would need to urgently find new suppliers. As Sri Lanka's only oil refinery is designed to work with Iranian light crude, disruption to oil imports from Iran deals a blow to Colombo. Beating The WAR Drums ? Iran could speed progress in uranium enrichment in response to EU sanctions. Israel could launch attacks against Iran to stop from building a nuclear bomb. Iran has threatened to shut down the vital Strait of Hormuz, through which around 20% of the world's oil passes. US warships are inching towards Iran. They may start the war to end the Iranian nuclear program by inflicting broad damage on its components and other key regime assets. Sources: http://en.wikipedia.org http://www.dailymail.co.uk http://www.foxnews.com Designed by : Info Graphic DESION TEAM FEBRUARY 2012 IRAN Conf 1 c t The dark prospect of war now looms in the Middle East, as the West's confrontation with Iran over its nuclear programme inches towards the point of no return. How Did It Start? The Khatami government of 2000 Iran managed to reduce the sanctions for some items like Radical students in Tehran pharmaceuticals, medical equipment, 1979 seized the American Embassy and took hostage 52 diplomats inside. A few days later American President Carter froze about $12 billion in Iranian assets, including bank deposits, gold and caviar or rugs. US Department of Treasury 2004 ruled against editing or publishing scientific manuscripts from Iran. other properties. The US approved sanctions 1984 that prohibited weapons sales and all U.S. assistance to Washington imposed sanctions 2007 on several Iranian banks and Iran. branded the Revolutionary Guards as proliferator of weapons of mass destruction. President Reagan 1987 prohibited the import and export of any goods or services from Iran. Nearly 10,000 2010 exceptions to U.S. sanctions rules worldwide were approved over the preceding decade by issuing special President Bill Clinton issued licenses for American companies. 1995 executive orders preventing U.S. companies from investing in Iranian oil and gas and trading with Iran. The US imposed new sanctions 2011 against Iran Air and Tidewater Middle East Co. stating that they had provided material support to the Iranian Revolutionary Guard Corps (IRGC), which The US Congress passed the act 1996 which punishes any US or foreign company that invests over $20 million for developing was already subject to UN sanctions. petroleum resources in Iran. Latest Actions Against Iran On January, 2012, opposing Iran's nuclear program, the EU imposed a range of economic sanctions against Iran including an immediate embargo on new The EU, along with the US and Israel, accuses Iran of trying to develop nuclear weapons. Iran maintains that its nuclear program is aimed at civil contracts for crude oil and petroleum products and a freeze on the assets of Iran's purposes. central bank in the EU. How Sanctions Affect Iranian Economy? Iran's oil production has fallen significantly because of the difficulties Iran has faced in updating its oil production facilities. Sanctions have reduced Iranian oil exports leading to significant drop in foreign exchange earnings. Iran's aviation industry has been severely damaged. Iran's banking has been badly affected. Iran's banks can not make international transactions now. Iran has lost its access to all its foreign assets reserved in the US, EU and several other countries. Cost of goods including basic products are ever increasing because of no or low import. According to U.S. officials, Iran may lose up to S60 billion in energy investments annually. Iran faces a huge unemployment problem. Importance of Iranian Oil Iran exports 2.5 million barrels of oil per day, about 3 percent of world supplies. It is estimated to hold 137 billion barrels of proven oil reserves, nearly 10% of the world's total. If there were no sanctions on Iran, the cost of oil could have been 10% lower. Top Iranian Oil Importers 25% 22% 14% - China imports 22 % of Iranian crude O Japan -14 % 12%, 10% India - 12 % South Korea - 10 % * The EU - 25 % Within the EU the three major importers are Italy, Spain and Greece, all with very fragile economies. Opposition to Oil Embargo & New Sanctions Countries like China, Russia and India have opposed the latest EU sanctions on Iran on the following grounds. O New sanctions could lower chances for future dialogue with Tehran on its nuclear ambitions. There are predictions that the EU ban on oil imports will backfire and affect the Mediterranean countries more than Iran. O Dialogue and cooperation is the only correct and effective solution to resolve the Iran nuclear issue. Iranian Oil Embargo Impact On The World: Iranian oil embargo will destabilize oil markets and undermine the global energy security. Oil prices could soar toward $200 per barrel and deliver a blow to already wobbly Western economies. Countries and companies will have to choose between doing business with Iran or the United States. Italy already risks the closure of five refineries and at a European level there are about 70 possible shutdowns. South Africa's oil refineries may have to carry out multimillion-rand reconfigurations. The price of gas has almost doubled in Ireland and people are concerned about another spike in fuel price. US dollar may weaken as some countries may start importing Iranian oil in exchange of gold. Countries like Greece and Spain, which are heavily dependent on Iranian oil would need to urgently find new suppliers. As Sri Lanka's only oil refinery is designed to work with Iranian light crude, disruption to oil imports from Iran deals a blow to Colombo. Beating The WAR Drums ? Iran could speed progress in uranium enrichment in response to EU sanctions. Israel could launch attacks against Iran to stop from building a nuclear bomb. Iran has threatened to shut down the vital Strait of Hormuz, through which around 20% of the world's oil passes. US warships are inching towards Iran. They may start the war to end the Iranian nuclear program by inflicting broad damage on its components and other key regime assets. Sources: http://en.wikipedia.org http://www.dailymail.co.uk http://www.foxnews.com Designed by : Info Graphic DESION TEAM FEBRUARY 2012 IRAN Conf 1 c t The dark prospect of war now looms in the Middle East, as the West's confrontation with Iran over its nuclear programme inches towards the point of no return. How Did It Start? The Khatami government of 2000 Iran managed to reduce the sanctions for some items like Radical students in Tehran pharmaceuticals, medical equipment, 1979 seized the American Embassy and took hostage 52 diplomats inside. A few days later American President Carter froze about $12 billion in Iranian assets, including bank deposits, gold and caviar or rugs. US Department of Treasury 2004 ruled against editing or publishing scientific manuscripts from Iran. other properties. The US approved sanctions 1984 that prohibited weapons sales and all U.S. assistance to Washington imposed sanctions 2007 on several Iranian banks and Iran. branded the Revolutionary Guards as proliferator of weapons of mass destruction. President Reagan 1987 prohibited the import and export of any goods or services from Iran. Nearly 10,000 2010 exceptions to U.S. sanctions rules worldwide were approved over the preceding decade by issuing special President Bill Clinton issued licenses for American companies. 1995 executive orders preventing U.S. companies from investing in Iranian oil and gas and trading with Iran. The US imposed new sanctions 2011 against Iran Air and Tidewater Middle East Co. stating that they had provided material support to the Iranian Revolutionary Guard Corps (IRGC), which The US Congress passed the act 1996 which punishes any US or foreign company that invests over $20 million for developing was already subject to UN sanctions. petroleum resources in Iran. Latest Actions Against Iran On January, 2012, opposing Iran's nuclear program, the EU imposed a range of economic sanctions against Iran including an immediate embargo on new The EU, along with the US and Israel, accuses Iran of trying to develop nuclear weapons. Iran maintains that its nuclear program is aimed at civil contracts for crude oil and petroleum products and a freeze on the assets of Iran's purposes. central bank in the EU. How Sanctions Affect Iranian Economy? Iran's oil production has fallen significantly because of the difficulties Iran has faced in updating its oil production facilities. Sanctions have reduced Iranian oil exports leading to significant drop in foreign exchange earnings. Iran's aviation industry has been severely damaged. Iran's banking has been badly affected. Iran's banks can not make international transactions now. Iran has lost its access to all its foreign assets reserved in the US, EU and several other countries. Cost of goods including basic products are ever increasing because of no or low import. According to U.S. officials, Iran may lose up to S60 billion in energy investments annually. Iran faces a huge unemployment problem. Importance of Iranian Oil Iran exports 2.5 million barrels of oil per day, about 3 percent of world supplies. It is estimated to hold 137 billion barrels of proven oil reserves, nearly 10% of the world's total. If there were no sanctions on Iran, the cost of oil could have been 10% lower. Top Iranian Oil Importers 25% 22% 14% - China imports 22 % of Iranian crude O Japan -14 % 12%, 10% India - 12 % South Korea - 10 % * The EU - 25 % Within the EU the three major importers are Italy, Spain and Greece, all with very fragile economies. Opposition to Oil Embargo & New Sanctions Countries like China, Russia and India have opposed the latest EU sanctions on Iran on the following grounds. O New sanctions could lower chances for future dialogue with Tehran on its nuclear ambitions. There are predictions that the EU ban on oil imports will backfire and affect the Mediterranean countries more than Iran. O Dialogue and cooperation is the only correct and effective solution to resolve the Iran nuclear issue. Iranian Oil Embargo Impact On The World: Iranian oil embargo will destabilize oil markets and undermine the global energy security. Oil prices could soar toward $200 per barrel and deliver a blow to already wobbly Western economies. Countries and companies will have to choose between doing business with Iran or the United States. Italy already risks the closure of five refineries and at a European level there are about 70 possible shutdowns. South Africa's oil refineries may have to carry out multimillion-rand reconfigurations. The price of gas has almost doubled in Ireland and people are concerned about another spike in fuel price. US dollar may weaken as some countries may start importing Iranian oil in exchange of gold. Countries like Greece and Spain, which are heavily dependent on Iranian oil would need to urgently find new suppliers. As Sri Lanka's only oil refinery is designed to work with Iranian light crude, disruption to oil imports from Iran deals a blow to Colombo. Beating The WAR Drums ? Iran could speed progress in uranium enrichment in response to EU sanctions. Israel could launch attacks against Iran to stop from building a nuclear bomb. Iran has threatened to shut down the vital Strait of Hormuz, through which around 20% of the world's oil passes. US warships are inching towards Iran. They may start the war to end the Iranian nuclear program by inflicting broad damage on its components and other key regime assets. Sources: http://en.wikipedia.org http://www.dailymail.co.uk http://www.foxnews.com Designed by : Info Graphic DESION TEAM FEBRUARY 2012 IRAN Conf 1 c t The dark prospect of war now looms in the Middle East, as the West's confrontation with Iran over its nuclear programme inches towards the point of no return. How Did It Start? The Khatami government of 2000 Iran managed to reduce the sanctions for some items like Radical students in Tehran pharmaceuticals, medical equipment, 1979 seized the American Embassy and took hostage 52 diplomats inside. A few days later American President Carter froze about $12 billion in Iranian assets, including bank deposits, gold and caviar or rugs. US Department of Treasury 2004 ruled against editing or publishing scientific manuscripts from Iran. other properties. The US approved sanctions 1984 that prohibited weapons sales and all U.S. assistance to Washington imposed sanctions 2007 on several Iranian banks and Iran. branded the Revolutionary Guards as proliferator of weapons of mass destruction. President Reagan 1987 prohibited the import and export of any goods or services from Iran. Nearly 10,000 2010 exceptions to U.S. sanctions rules worldwide were approved over the preceding decade by issuing special President Bill Clinton issued licenses for American companies. 1995 executive orders preventing U.S. companies from investing in Iranian oil and gas and trading with Iran. The US imposed new sanctions 2011 against Iran Air and Tidewater Middle East Co. stating that they had provided material support to the Iranian Revolutionary Guard Corps (IRGC), which The US Congress passed the act 1996 which punishes any US or foreign company that invests over $20 million for developing was already subject to UN sanctions. petroleum resources in Iran. Latest Actions Against Iran On January, 2012, opposing Iran's nuclear program, the EU imposed a range of economic sanctions against Iran including an immediate embargo on new The EU, along with the US and Israel, accuses Iran of trying to develop nuclear weapons. Iran maintains that its nuclear program is aimed at civil contracts for crude oil and petroleum products and a freeze on the assets of Iran's purposes. central bank in the EU. How Sanctions Affect Iranian Economy? Iran's oil production has fallen significantly because of the difficulties Iran has faced in updating its oil production facilities. Sanctions have reduced Iranian oil exports leading to significant drop in foreign exchange earnings. Iran's aviation industry has been severely damaged. Iran's banking has been badly affected. Iran's banks can not make international transactions now. Iran has lost its access to all its foreign assets reserved in the US, EU and several other countries. Cost of goods including basic products are ever increasing because of no or low import. According to U.S. officials, Iran may lose up to S60 billion in energy investments annually. Iran faces a huge unemployment problem. Importance of Iranian Oil Iran exports 2.5 million barrels of oil per day, about 3 percent of world supplies. It is estimated to hold 137 billion barrels of proven oil reserves, nearly 10% of the world's total. If there were no sanctions on Iran, the cost of oil could have been 10% lower. Top Iranian Oil Importers 25% 22% 14% - China imports 22 % of Iranian crude O Japan -14 % 12%, 10% India - 12 % South Korea - 10 % * The EU - 25 % Within the EU the three major importers are Italy, Spain and Greece, all with very fragile economies. Opposition to Oil Embargo & New Sanctions Countries like China, Russia and India have opposed the latest EU sanctions on Iran on the following grounds. O New sanctions could lower chances for future dialogue with Tehran on its nuclear ambitions. There are predictions that the EU ban on oil imports will backfire and affect the Mediterranean countries more than Iran. O Dialogue and cooperation is the only correct and effective solution to resolve the Iran nuclear issue. Iranian Oil Embargo Impact On The World: Iranian oil embargo will destabilize oil markets and undermine the global energy security. Oil prices could soar toward $200 per barrel and deliver a blow to already wobbly Western economies. Countries and companies will have to choose between doing business with Iran or the United States. Italy already risks the closure of five refineries and at a European level there are about 70 possible shutdowns. South Africa's oil refineries may have to carry out multimillion-rand reconfigurations. The price of gas has almost doubled in Ireland and people are concerned about another spike in fuel price. US dollar may weaken as some countries may start importing Iranian oil in exchange of gold. Countries like Greece and Spain, which are heavily dependent on Iranian oil would need to urgently find new suppliers. As Sri Lanka's only oil refinery is designed to work with Iranian light crude, disruption to oil imports from Iran deals a blow to Colombo. Beating The WAR Drums ? Iran could speed progress in uranium enrichment in response to EU sanctions. Israel could launch attacks against Iran to stop from building a nuclear bomb. Iran has threatened to shut down the vital Strait of Hormuz, through which around 20% of the world's oil passes. US warships are inching towards Iran. They may start the war to end the Iranian nuclear program by inflicting broad damage on its components and other key regime assets. Sources: http://en.wikipedia.org http://www.dailymail.co.uk http://www.foxnews.com Designed by : Info Graphic DESION TEAM FEBRUARY 2012 IRAN Conf 1 c t The dark prospect of war now looms in the Middle East, as the West's confrontation with Iran over its nuclear programme inches towards the point of no return. How Did It Start? The Khatami government of 2000 Iran managed to reduce the sanctions for some items like Radical students in Tehran pharmaceuticals, medical equipment, 1979 seized the American Embassy and took hostage 52 diplomats inside. A few days later American President Carter froze about $12 billion in Iranian assets, including bank deposits, gold and caviar or rugs. US Department of Treasury 2004 ruled against editing or publishing scientific manuscripts from Iran. other properties. The US approved sanctions 1984 that prohibited weapons sales and all U.S. assistance to Washington imposed sanctions 2007 on several Iranian banks and Iran. branded the Revolutionary Guards as proliferator of weapons of mass destruction. President Reagan 1987 prohibited the import and export of any goods or services from Iran. Nearly 10,000 2010 exceptions to U.S. sanctions rules worldwide were approved over the preceding decade by issuing special President Bill Clinton issued licenses for American companies. 1995 executive orders preventing U.S. companies from investing in Iranian oil and gas and trading with Iran. The US imposed new sanctions 2011 against Iran Air and Tidewater Middle East Co. stating that they had provided material support to the Iranian Revolutionary Guard Corps (IRGC), which The US Congress passed the act 1996 which punishes any US or foreign company that invests over $20 million for developing was already subject to UN sanctions. petroleum resources in Iran. Latest Actions Against Iran On January, 2012, opposing Iran's nuclear program, the EU imposed a range of economic sanctions against Iran including an immediate embargo on new The EU, along with the US and Israel, accuses Iran of trying to develop nuclear weapons. Iran maintains that its nuclear program is aimed at civil contracts for crude oil and petroleum products and a freeze on the assets of Iran's purposes. central bank in the EU. How Sanctions Affect Iranian Economy? Iran's oil production has fallen significantly because of the difficulties Iran has faced in updating its oil production facilities. Sanctions have reduced Iranian oil exports leading to significant drop in foreign exchange earnings. Iran's aviation industry has been severely damaged. Iran's banking has been badly affected. Iran's banks can not make international transactions now. Iran has lost its access to all its foreign assets reserved in the US, EU and several other countries. Cost of goods including basic products are ever increasing because of no or low import. According to U.S. officials, Iran may lose up to S60 billion in energy investments annually. Iran faces a huge unemployment problem. Importance of Iranian Oil Iran exports 2.5 million barrels of oil per day, about 3 percent of world supplies. It is estimated to hold 137 billion barrels of proven oil reserves, nearly 10% of the world's total. If there were no sanctions on Iran, the cost of oil could have been 10% lower. Top Iranian Oil Importers 25% 22% 14% - China imports 22 % of Iranian crude O Japan -14 % 12%, 10% India - 12 % South Korea - 10 % * The EU - 25 % Within the EU the three major importers are Italy, Spain and Greece, all with very fragile economies. Opposition to Oil Embargo & New Sanctions Countries like China, Russia and India have opposed the latest EU sanctions on Iran on the following grounds. O New sanctions could lower chances for future dialogue with Tehran on its nuclear ambitions. There are predictions that the EU ban on oil imports will backfire and affect the Mediterranean countries more than Iran. O Dialogue and cooperation is the only correct and effective solution to resolve the Iran nuclear issue. Iranian Oil Embargo Impact On The World: Iranian oil embargo will destabilize oil markets and undermine the global energy security. Oil prices could soar toward $200 per barrel and deliver a blow to already wobbly Western economies. Countries and companies will have to choose between doing business with Iran or the United States. Italy already risks the closure of five refineries and at a European level there are about 70 possible shutdowns. South Africa's oil refineries may have to carry out multimillion-rand reconfigurations. The price of gas has almost doubled in Ireland and people are concerned about another spike in fuel price. US dollar may weaken as some countries may start importing Iranian oil in exchange of gold. Countries like Greece and Spain, which are heavily dependent on Iranian oil would need to urgently find new suppliers. As Sri Lanka's only oil refinery is designed to work with Iranian light crude, disruption to oil imports from Iran deals a blow to Colombo. Beating The WAR Drums ? Iran could speed progress in uranium enrichment in response to EU sanctions. Israel could launch attacks against Iran to stop from building a nuclear bomb. Iran has threatened to shut down the vital Strait of Hormuz, through which around 20% of the world's oil passes. US warships are inching towards Iran. They may start the war to end the Iranian nuclear program by inflicting broad damage on its components and other key regime assets. Sources: http://en.wikipedia.org http://www.dailymail.co.uk http://www.foxnews.com Designed by : Info Graphic DESION TEAM FEBRUARY 2012