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.

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.

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.

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.

• 1
• 2
• 3
• >