IRAN: ‘We don’t need to sell oil to Europe’

mk bhadakumar
from indian punchline...

"By the way, if there is any reason to doubt Iran’s capacity to create havoc in Europe, you just have to tune into the hundreds of thousands of demonstrators — estimated to number 200000 — taking to the streets in Alicante, Castellon and Valencia in eastern Spain on Thursday to realise the nature of the volcano that is threatening to erupt in many european countries if the prevailing economic crisis deepens."


"Even a most compulsively optimistic western sketch had to end with the frank admission that Saudi Arabia’s own priority would ultimately be to “ring fence” supplies for its domestic use through internal pipelines that bypass the Strait of Hormuz rather than to address the travails of energy security affecting the European economies that are passing through bad times."