How Iran Plans To Bypass The World’s Main Oil Chokepoint

Iran

 

Iran Tries to Bypass the Hormuz Strait

Global markets have recently gone into overdrive in anticipation of the US-Iran standoff’s outcome. President Trump is building up pressure on Tehran, his latest move was to announce his chairing of a UN Security Council meeting on Iran (the US is holding the council presidency this month), most likely to lambast once more the Iranian regime, whilst the Iranian authorities are reverting to their traditional threat, the closing off of the Hormuz Strait. Yet behind the bellicose façade, under the international radar Iran has been proceeding gradually with the construction of oil export infrastructure that bypasses the potentially fatal chokepoint and gives the Ayatollah regime a viable alternative to Kharg and Lavan islands, which currently account for the overwhelming majority, more than 95 percent, of Iran’s oil exports. Continue reading

Iran poised to resume enrichment at deep Fordow facility

 

After Iran warned it will leave the nuclear accord unless benefits are forthcoming, an atomic energy official in Tehran said that uranium enrichment would resume at Fordow – if that happens. Continue reading