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J.P. Morgan Eye on the Market 2/27/2012: Dire Straits
Any complicity by Sunni countries in conjunction with US action (airspace, attack plans and logistics, etc.) might be seen as acts of war by Iran. ** The Strait of Hormuz carries 20% of the world's oil (17 million bpd). There are active and de-activated pipelines in Saudi Arabia, Iraq and the UAE that could divert arou
Page: HOUSE_OVERSIGHT_031147 →senior military advisors to send to Israel, all requesting that Israel not attack unilaterally", and believe Israel won't. A paper by Matt Kroenig in Foreign Affairs magazine entitled "Time to Attack Iran; Why a Strike is the Least Bad Option" resulted in a firestorm of criticism from multiple sides. With sanction
Page: HOUSE_OVERSIGHT_031147 →f upbeat mood that's been created over the last couple of days? Back in January and February, we had sharp warnings back and forth, such as closing the Strait of Hormuz. The tone has certainly changed, in part because the Iranians understand that the harsh tone was not serving them well. Second of all, two factors
ikh, the Ottomans ruthlessly persecuted the Alawites, burning villages and farms across what little territory they held. EFTA00660259 Half of all Foreign Affairs content is now published online only. So if you don't check out I daily or sigi p for our weekly e-mail newsletter, you're missing half the story.
en the European Union announced its own sanctions of the Iranian central bank in late January, Iran redoubled its threat to block shipping lanes in the Strait of Hormuz. Panetta called this another "red line" that would provoke a military response from the U.S. February brought more posturing from Iran, along with
region. A dominant feature of this mode of argument is "worst-casing," as exemplified by a pro-war article by Matthew Kroenig in a recent issue of Foreign Affairs. Kroenig's case rests on speculation after speculation about what mischief Iran "could" commit in the Middle East, with almost no attention to whet
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