June 17, 2008

Iran makes a withdrawal

There is no doubt that the next six months will be slightly hair raising to say the least, with changes happening around the world with oil and different outlooks. It seems that certain nations around the world are also keeping an eye on things too.

Could this be why Iran has withdrawn something in the region of $75 billion from Europe? Clearly this must be a way of protecting their assets as the threats by the west continue over the Iran nuclear situation.

With the nuclear issue still unclear, Iran seems to be pulling their overseas asset as prelude to something that they see is coming. Maybe we just remember Iraq, but Iran is different because they actually do have a nuclear programme running, but being the forth largest oil exporter too means that they do have something to bargain with.

Source [Reuters]