Spy-swaps one week, nuclear sabotage the next?

Maybe, according to the FT.

Day to day life is starting to read like a le Carre novel…

Reuters picks up a story that first appeared in the International Oil Daily, an industry newsletter:

Iran is considering switching oil payments from Europe to UAE dirham for the euro.

Part of the move may be to avoid EU sanctions that could freeze euro payments. Part may also have something to do with Iran blowing smoke at the market they way they did a few months ago when they said they were considering dumping the euro for the dollar.

They are probably trying to get back EUR/USD shorts like everyone else…

The Elysee Palace says that Putin will freeze missile deliveries to Iran, an important action that is much more powerful than sanctions forged at the UN. Until I hear it from Putin’s lips (and check the satellite photos), I’d take the news with a grain of salt.

EUR/USD is recovered some early losses, now at 1.2103 as the downside seems limited and day traders square up before the futbol.

All very worrying.

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.

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.

It was all a misunderstanding.

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.

Must have been a humanitarian mission…. 

You couldn’t make this stuff up.

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