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iran, iran nuclear reactor, Mahmoud Ahmadinejad Iran oil

UN weapons inspectors arrive in Iran

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CTV News Channel: Israel will be watching closely
Peter Jones, a professor at University of Ottawa says Israel has tried to heighten international attention to the Iran nuclear situation in order for the international community to apply tough sanctions.
CTV News Channel: Top UN inspectors in Iran
Rasool Nafisi, an Iran analyst says it's impossible that Israelis will attack Iran single-handedly and discusses how much access UN inspectors will have at Iranian facilities.
Canada AM: Iran shuts out France and Britain
Rasool Nafisi, an Iran analyst with Strayer University, says Iran is attempting to show the United Nations they are not in a weakened position compared to the 'enemy,' or Western countries.
Canada AM: Iran's counter-move to sanctions
Kamran Bokhari, a Middle East analyst, says Iran's block against France and Britain is a counter move in response to recent sanctions.
CTV National News: Nuclear showdown in Iran
U.S. President Barack Obama has sent his top national security advisor to Jerusalem to make an appeal to Israel to give the international sanctions against Iran over its nuclear program enough time to make an impact. Joy Malbon reports.

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iran, iran nuclear reactor, Mahmoud Ahmadinejad Iran oil

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Date: Mon. Feb. 20 2012 8:37 PM ET

UN nuclear inspectors are in Tehran Monday to attempt to meet with Iranian nuclear scientists and visit a key military facility as they investigate allegations that Iran is building an atomic weapon.

The trip is the second in about a month by an International Atomic Energy Agency team as international pressure steps up over nuclear weapons concerns. Iran has denied it is building atomic weapons and is refusing to discuss the matter.

Herman Nackaerts, a senior UN nuclear official, said his team hopes for progress in the talks, but did not speak optimistically about that possibility.

Iran started air defence wargames dubbed "Sarollah," or "God's Revenge," in the south of the country Monday to practice defending nuclear and military facilities.

The West has viewed the wargames as the latest attempt by Iran to demonstrate it will defend itself and retaliate against any armed strike.

The U.S. and Israel have not ruled out strikes against Iranian nuclear facilities.

The UN visit comes as Iran announced it would stop shipping oil to the United Kingdom and France.

The strategy being used by Tehran is to not let the "enemy" get the upper hand, a Middle East expert says.

"I think this gives Britain and France and other western powers something to think about because the original idea was that by July 1 crippling sanctions would be in place," Toronto-based Kamran Bokhari told CTV's Canada AM Monday.

The European Union agreed to stop buying Iranian crude July 1 under a round of new sanctions, but Bokhari said that was preempted by Tehran Sunday when its Oil Ministry announced shipments to the U.K. and France would end.

That caused oil prices to spike Monday to a nine-month high of US$105 a barrel. Oil prices were also affected by China's decision to boost its money supply to spur lending and economic growth.

About 18 to 20 per cent of Iranian crude is purchased by countries in the EU.

Bokhari isn't sure if the Iranians are bluffing, but what the move does say is the country's leadership isn't ready to "throw in the towel just yet."

It's also possible Iran is counting on the ban to bump world crude prices, Bokhari said.

"Everybody has an incentive to negotiate. The question is who is going to negotiate from a position of relative strength . . . both sides want that and obviously both sides can't have that to the detriment of the other," Bokhari said.

While Iran may be counting on oil prices to rise and force a compromise, it's also suffering economically from lower crude sales, Rasool Nafisi told Canada AM Monday.

An expert on Iran at Strayner University in Washington, D.C., Nafisi said the oil-dependent country is already trying to find a market for about 25 per cent of its crude.

With the EU not buying its oil, coupled with China dropping half of its orders, Iran needs new customers, possibly in South America, he said.

"I find it hard to believe that under the strict sanctions by western countries they can really find a new range of new customers," Nafisi said.

But there is a current shortage of crude on the market and perhaps the Iranians are counting on that to work in their favour, he added.

Both Nafisi and Bokhari believe a military strike on Iran is unlikely because both sides want to negotiate and it's in the interest of the Americans to reach a peaceful solution.

Bokhari said there's more at stake for the U.S. than just Iran's alleged nuclear weapons program.

It's really about the balance of power in the Persian Gulf, as well as stability in Iraq, the outcome of the Syrian uprising and American attempts to reach a compromise with the Taliban in Afghanistan, he said.

He also believes Israel won't go it alone with a military strike. It will work with the international community to find a resolution, Bokhari said.

"Nobody's in the mood to go down that military road because of the repercussions and the cost of that would be much higher than the perceived benefit," he said.

Meanwhile, France is shrugging off Iran's ban on crude exports to the country.

The Foreign Ministry said French oil companies have already stopped buying Iran's oil under EU sanctions adopted last month.

With files from CTVNews.ca's John Size

Comments are now closed for this story

Abbe
said
0 0

If a nation said MANY times that it would wipe the USA off the map kill all Americans, would the USA listen to Israel, when Israel says to the United States, "Don't do anything about it, we'll use sanctions against them."

Israel has nuclear bombs since 1954 and never even once said it would use them and NEVER threatened anyone. Yet, Iran threatens to wipe Israel off the map and that Israel will soon receive a nuclear holocaust before Iran even has one bomb. Imagine how they will threaten anyone they want as soon as they REALLY have the bomb.


James in Calgary
said
0 0

The same brilliant crew that was in Syria? "Okay, they are telling us that all is well here,and nothing is being hidden...time to go home".


Wilson
said
0 0

The real crime here: The commodities broakers will now use this "paper threat" as leverage to raise the price of oil and gas.When in reality, this should no effect on the price of oil as Iran sells more of its oil to other ono-EU countries and the EU countries snubbed by Iran buy their oil from other suppliers; overall nil net effect in the sale/transfer of the world's oil. This is just a shifting of allegiances, nothing more.


Sal
said
0 0

Let's go solar and wind and screw them! No leverage against warmth allowed!!!


MikeInBC
said
0 0

Maybe Canada should build a pipeline to the East Coast and ship oil to Europe...That is providing the Euro's don't ban tar sands oil.


Old Ted
said
0 0

The way oil is shuffled around, Europe will get oil, not Iranian perhaps but they will get oil. Now, if Iran completely quits exporting oil, then there would be an effect on the world market.


frank
said
0 0

Americans want to reach a peaceful resolution? RIGHT!! Since when to Americans want to reach peaceful resolutions when it comes to oil?

No, I see this conflict escalating pretty quickly and I wouldn't be surprised if we see the start of WW3.

We are due another big war with everything going on in the world.


joel thomas
said
0 0

no shortage just greedy people on wall street and in washington dc and big oil,how much is enough for you gazillionairs in washington and wall street and big oil.


CMQ
said
0 0

All this really means is another lame excuse will be made to drive up the price at the pump. This report differs from another report I saw about the amount of oil available. According to a popular US news sight the US is so flush with oil and the demand is lower allowing the US to sell off its excess oil for profit and keeping oil prices higher. This whole issue is such BS when it comes to gas prices. Quite frankly we are paying the same for gas per litre now as it was when oil was selling at $130-$140 per barrel. The oil companies have just gotten everyone used to paying $1.25 or more per litre. That now is the new psychological barrier we are tolerating.


Peace dude
said
0 0

In the end the ones that will suffer are all the ordinary citizens of the world . I wonder if big oil will have sympathy on us and put people before profits?


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