Article

2012-02-09 Syria-Lebanon-Iran

Iran turns to India as sanctions dry up palm oil

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Posted by tipper 2012-02-09 09:55|| || Front Page|| [5 views ] Top

#1 India has now cut off Iran from its rice, because Iran hasn't paid its tab. I suspect the same will hold true for other commodities. India will only provide them for cash up front. And Iran is rapidly running out of cash.

Posted by Anonymoose 2012-02-09 12:02|| 2012-02-09 12:02|| Front Page Top

#2 and their cash is depreciating on a daily basis. They may have to pay in gold

Posted by Frank G 2012-02-09 13:33|| 2012-02-09 13:33|| Front Page Top

#3 Instead of oiling their palms, the iranians could try spitting on them maybe?

Posted by M. Murcek 2012-02-09 14:59|| 2012-02-09 14:59|| Front Page Top

#4 India will barter their commodities for Iranian oil.
The question is will they barter the oil at spot price?

Posted by tipper 2012-02-09 16:18|| 2012-02-09 16:18|| Front Page Top

#5 China will get a discount on Iranian oil, so India will probably do the same. Wonder if Iran is all current on their Bushehr reactor payments? Russia was calling for cash up front. They stopped a few times in construction when the MMs did not fork over the cash.

Posted by Alaska Paul 2012-02-09 17:27|| 2012-02-09 17:27|| Front Page Top

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