Clinton says believes Iran’s revolutionary guard supplanting government, country moving toward military dictatorship
All very worrying.
Iran has produced first consignment of 20% enriched uranium – Ahmadinejad
Has capability to enrich uranium to much higher levels at Natanz. Iran will in the near future treble production of higher grade Uranium. Oh dear oh dear. Makes you wonder how much longer Israel will hold off.
Italian Foreign Minsiter: Iranian militia tried to attack embassy
Pro-government militias tried to attack the Italian Embassy in Tehran today, the Italian foreign minister says.
Given the US experience in 1979/1981, this is not to be taken lightly. Iran has been increasingly bellicose toward the west in recent days.
Iran, Iraq discuss oil field “misunderstanding,” IRNA says
Iraq: Iranian incursion a violation of sovereignty
Iraq is demanding the immediate withdrawal of Iranian troops from the disputed oil field, saying it is a violation of Iraqi sovereignty. Iraq seeks a peaceful, diplomatic solution to the border situation, a government spokesman says according to Reuters.
Iran denies report of incursion into Iraq
Must have been a humanitarian mission….
Iraq Deputy Interior Minister denies Iran troops entered Iraq or occupied oilfield
You couldn’t make this stuff up.
Iraqi interior minister: Government will clarify position on events at Fakka oilfield – Arabiya TV
Iraqi interior minister says Iraq will not give up its oil wealth “whatever the reason.”
There have been ongoing issues between Iran and Iraq surrounding the shared border oilfields.
Asia gets rumours of a coup in Pakistan, we get this. Scary old world we live in, tensions all over the shop.
And it’s just started to snow again, ahhhh……………….
LATEST REPORT: The snowflakes are only very light, not the bigger, fluffier, variety we had last night.
Iranian troops briefly entered Iraqi oilfied on Thursday -Security source in Iraq’s Maysan province
Good for a little bit of safe haven USD buying. EUR/USD down at 1.4350, cable down at 1.6180.
Swissy as usual also benefits, EUR/CHF down at 1.4970.
Iran detains 5 Brits
Another friendly gesture from our friends in Tehran…
Cable is rebounding in thin afternoon trade with many bank traders having retreated to the sidelines for month-end, not wanting to squander their winnings with mere hours to go…We trade now at 1.6425 after a dip to 1.6382/85 late in London.

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