The issue of Iran is burdensome to say the least.
The Iran is considered by the US to be a rogue state and has been treated as such for the last few decades. The most telling of all of this that the US does not purchase Iranian oil. Iran's two biggest consumers are China and the EU, both of which hold veto power on the UN security council. Unlike the US, the EU and China are even more dependant on Middle-eastern oil than the US is, making their stake in the region even more neccesary.
While my interests lie in foreign policy more so than finance, I do believe that any effort by the UN security council to implement sanctions will be limited at best. They will be loose and by no means nearly as severe as those seen with Iraq in 1991. Then again, I see the UN as an ineffective organization when dealing with international relations, especially when dealing with rogue states.
As long as Iran has an economic stranglehold on world players effected by high energy prices, I don't see much change in the status quo, albeit spikes in oil prices here and there.
The Iran is considered by the US to be a rogue state and has been treated as such for the last few decades. The most telling of all of this that the US does not purchase Iranian oil. Iran's two biggest consumers are China and the EU, both of which hold veto power on the UN security council. Unlike the US, the EU and China are even more dependant on Middle-eastern oil than the US is, making their stake in the region even more neccesary.
While my interests lie in foreign policy more so than finance, I do believe that any effort by the UN security council to implement sanctions will be limited at best. They will be loose and by no means nearly as severe as those seen with Iraq in 1991. Then again, I see the UN as an ineffective organization when dealing with international relations, especially when dealing with rogue states.
As long as Iran has an economic stranglehold on world players effected by high energy prices, I don't see much change in the status quo, albeit spikes in oil prices here and there.
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