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In a surprise move EU Ministers enact immediate embargo on Iranian Oil and Freeze Assets

In a surprise move EU Ministers enact immediate embargo on Iranian Oil and Freeze Assets

For months, the US has been pushing for embargo's and punitive action against the Iranian Government trying to get them to abandon or at least slow their nuclear program and their quest for nuclear weapons.

In a time that most governments around the world are reducing stockpiles and trying to rid the world of the fear of nuclear disaster, one of the prime enemies of the United States, Western countries and Israel are developing nuclear weapons at a hastened pace.

The fact is nuclear weapons are frightening and deadly, even in the governments of developed nations, who openly admit and aim to reduce their stockpiles. During the Cold War, Russia and the United States played a dangerous game, one that could have wiped humankind off the face of the earth.

Since the end of the cold war and the fall of the iron curtain, most nations and governments and leaders have agreed to reduce the threat of nuclear war. North Korea and China have the capabilities of destroying the world with their weapons but they too have come around to the reduction side of the table. Most nations no longer threaten each other with nuclear destruction.width=150

Iran, a country of religious fanatics who believe that death in the name of religion is good, could easily change leadership overnight and allowing religious fanatics or zealots to possess weapons of immense destruction is wrong and frightening.

The leadership continues to threaten the western world and always the Zionist state with war and destruction, so do you allow these politicians, these leaders that openly promote hatred and death to their enemies. In civilized worlds we negotiate, we communicate and we do not wish or pursue destruction and death, we pursue a way to live side by side in tolerance of others. Not the religious zealots that control Iran, not the government that controls Iran and not the people who have been brainwashed to hate.

Recently, Iran has conducted aggressive military exercises in the Straits of Hormuz, while threatening American Naval vessels and promising to close the waterway, if the western nations continue to apply pressures on the Iranian government.

NATO and the US have stated outright that they will not allow the Iranians to blockade International Waters.width=150

For months the US has pushed for embargos and sanctions against Iran, to prod them to sit at the negotiation table, but to no avail. The rhetoric and threats keep growing.

In a surprise move yesterday, the EU made the strongest effort to date and supported the embargo and financial sanctions against Iran, to become effective immediately.

Many have said that an embargo will not be effective since India and China will continue to purchase Iranian oil, which is true, but the Chinese are shrewd people they may continue to buy oil but they will pay less of the Iranian oil.

But it is not necessarily the financial effect that the embargo will have on Iran, but the public view and the fact that most of the Free World is standing up to them.

Crude Oil Pivot Points (Time Frame: 1 Day)

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
96.0533
97.1517
98.0633
99.1617
100.0733
101.1717
102.0833

 Fibonacci
97.1517
97.9195
98.3938
99.1617
99.9295
100.4038
101.1717

 Camarilla
98.4223
98.6065
98.7908
99.1617
99.1593
99.3435
99.5277

 Woodie's
-
97.1050
97.9700
99.1150
99.9800
101.1250
-

 DeMark's
-
-
99.6175
-
97.6075
-
-