Iranian annual trade hits US$150 billion despite sanctions

Despite sanctions imposed by UN, EU and U.S. on Iran over its nuclear program, the country’s annual trade amounted to US$150 billion for the recently concluded Iranian calendar year on March 20.

Iranian Deputy Industry, Mining, and Trade Minister Mojtaba Khosrotaj said that although official data on Iran’s annual trade has not been published, but non-oil trade is estimated to hit US$105 billion in the past year.
Taking oil and service sectors into account, the country’s foreign trade will exceed $150 billion, he added.
This performance shows significant abilities of the Iranian nation that managed to achieve US$150 billion business with the world despite sanctions.
The official said there are concerted efforts to increase the country’s value of annual non-oil exports by 20 percent to US$60 billion during the ongoing Iranian calendar year.
In December 2014, Iranian President Hassan Rouhani said the government aimed at increasing non-oil exports to US$50 billion by the next calendar year.
Traditionally, Iran relies heavily on oil for revenue. With sanctions restricting oil exports, the government is working to improve other parts of the economy.
Iran’s non-oil exports witnessed nearly half-a-percent growth while the country’s non-oil imports dropped around five percent in the previous Iranian calendar year. 
Another remarkable feat is that over 12.3 million tons of goods were transited via Iran in the previous Iranian calendar year, which ended on March 20, 2015.

Transit of goods via the country rose by 6.5 percent in Iranian calendar year (March 2014 to March 2015) compared to the year before quoted Iranian Roads Maintenance Organization official Mohammad Javad Atrchian.
The transited consignments mostly consisted of fuel, construction materials, home appliances, cotton and vehicles. Shahriyar Afandizadeh, the Iranian deputy transport and urban development minister has said that Iran has the capacity to transit 40 million tons of goods annually.

US economy in shambles

Lately, Iran’s negotiations with super powers at one stage looked like standoff between the US and Iran. While other countries looked ready to walk away, John Kerry, US Secretary of State tried his best to convince others to arrive at a framework that lead to easing sanctions on the country Saudi Arabia considers its worst foe.

It looked that only the US was desperate in normalizing relationship with Iran. Many of the readers may not by aware of the fact that Iran buys the largest value of goods from the US despite all the stringent sanction being in place for more than three and half decades.

A question arises, why the US should be ready to relinquish its ‘global policeman, role? The reply is simple that the largest super power is sinking deeper into economic crisis. Worst of all country is inching towards the worst drought; many states are imposing water rationing as the food security program is at colossal risk.

According to a report more rigs are drilling water wells in the US than oil. Farmers have the strongest lobby in the US and they want the government to protect their interest rather than venturing into any enemy country to keep the arsenal factories running at full capacity.

There is growing realization in the US citizens that Israel has been blackmailing the US government by promoting Iran as the biggest threat for the world. Zionists have inculcated a feeling among the Saudis that Iran is their worst energy as compared to Israel.

The incumbent prime minster made last ditched effort by adding members of the US congress but his mantra failed in attracting attention of masses. Now many of the US citizens are openly asking the question, is the US foreign policy dictated by Israel?

The US has attained the status of the largest oil producing country and got free from the clutches of some of the largest oil producing country i.e. Saudi Arabia. Despite nearly 50 percent decline in WTI prices and extreme glut of oil in the country it has not allowed export, just to keep energy prices low to accelerate economic activities.

Within the super powers, China remains one of the biggest buyers of Iranian crude oil and must be the happiest one if economic sanctions facing Iran over the last three and half decades are removed. Not only buying oil will become easier for it but it would also be able to invest huge in Iranian oil and gas up stream industries.

The US has huge investment in China and at no stage it would like to offend one of the largest economic superpower, despite it replacing the US in Asia and attaining huge naval presence in the Indian Ocean. The US is trying to establish Indian hegemony in the Indian Ocean region but China is moving at a much faster pace.

Growing Chinese interest, through investment in infrastructure projects is also aimed at developing Pakistan as ‘trade and energy corridor’. If Iran can move its oil only through Pakistan, it would not only save billions of dollars spent on freight but also curtail transit time.

Russia, directly in confrontation with the US and other European countries wants to take a revenge for the US for its defeat in Afghanistan and also imposing sanctions on it after the repossession parts of Ukraine.

One may recall that when the US led group wanted to assault Syria, Putin emerged the biggest opponent and went to the extent of threatening attacks on Saudi Arabian oil installations if any such adventure was made.

Britain has already taken over the command from the US in the Middle East and North Africa (MENA), after the defeat of ISIS a phantom created and supported by the US. Britain has a long history of managing colonies following ‘divide and rule policy’. While the US believes in military assaults Britain overpowers countries by creating internal conflicts and weakening the countries, to make them subservient to its might.

If Lawrence of Arabia was a phantom used to demolish Ottoman Empire, Abubakar Baghdadi is also a product of Britain being used for fragmenting and weakening many countries of MENA.

The US could not create justification for attaching Syria and Iraq, but inroad made by ISIS paved way for airstrikes in the name of weeding out ISIS, in either case strategic installations of Syria and Iraq were destroyed. The same strategy is being followed in Yemen to ignite direct confrontation between Iran and Saudi Arabia. 

Germans and French governments want cheap oil to boost their economies and the only solution is to allow Iran to export more oil. They are keen in seeing export of gas from Iran to bring its price down; the way crude oil prices plunged. The two countries are also eyeing huge investment potential in Iran.

Therefore, it be right to say that reaching an agreement to remove sanctions on Iran is the most urgent desire of super powers rather the country that has withstood worst sanctions for more than three and half decades.

Top signs that the U.S. economy is experiencing recession:

The number of new mortgage applications in the US had fallen to the lowest level in nearly 20 years.

Radio Shack has announced that it is going to close more than 1,000 stores just another sign that we are in the midst of a "retail apocalypse".

The ISM Services Employment just experienced its largest decline since the collapse of Lehman Brothers.

Obama care is really starting to hammer the U.S. health care industry.

Trading revenue at the "too big to fail" banks on Wall Street is way down.

One of the "too big to fail" banks, JPMorgan fired thousands of workers.

At one time Moody's downgraded the credit rating of the city of Chicago to just three notches above junk status.

The U.S. economy actually lost millions jobs. The only time the U.S. economy has lost such a number of jobs was in 2009 at the peak of the recession.

Real disposable income in the U.S. experienced the largest year over year decline that was seen since 1974.

Only 35 percent of all Americans say that they are better off financially than they were a year ago.

Global retail sales for machinery giant Caterpillar fallen for 14 months in a row.

The economic data show that virtually all of the largest economies on the planet are slowing down right now.

Meanwhile, things in Ukraine continue to become even tenser, and the Russian government continues to debate how it will respond if the U.S. does end up deciding to hit Russia with economic sanctions.

At one stage the Russian parliament was actually considering the confiscation of the property and assets of U.S. businesses in Russia if the U.S. decides to go ahead with economic sanctions against Russia.

The upper house of Russia’s parliament is mulling measures allowing property and assets of European and US companies to be confiscated in the event of sanctions being adopted against Russia over its threatened military intervention in Ukraine.

We are talking about banks, retail chains, mining operations, etc.

U.S. companies have billions invested in Russia, and all of that could be gone in an instant.

Many US citizens wish that economic war between their country and Russia is averted as it is has hurt substantially.

But no matter how things with this crisis in Ukraine play out, it looks like hard times are ahead for the U.S. economy.

Unfortunately, most Americans never learned the lessons that they should have learned back in 2008.

They just assume that the federal government and the Federal Reserve have fixed our problems and have everything under control, so they are not preparing for the next great crisis.

In the end, tens of millions of Americans will be absolutely devastated when they get absolutely blindsided by what is coming.

Can Iran influence crude oil price?

One of the conspiracy theories says that the US decision to attain the status of largest oil producing country was aimed at undermining the importance of all other oil producing countries, particularly Russia, Iran and Saudi Arabia. This theory gets some credence because all oil exporting countries have witnessed reduction in revenue and US being the largest energy consumer is benefiting due to nearly 50 percent fall in crude oil prices.

The world is also keenly awaiting talks between super powers and Iran that could lead to easing sanctions on Iran. An agreement has to be arrived at by 31^st March this year. Various attempts have been made to sabotage the negotiations, last made by Israeli prime minister. It appears that sanctions will be eased that can pave way for enhanced export of oil from Iran, which would add to the glut.

Bijan Namdar Zangeneh, Iranian oil minister has said that his country would never give up fight for its production quota set by the Organization of the Petroleum Exporting Countries (OPEC). The conviction is evident from his statement, “We keep struggling and we do not retreat even one barrel from our previous quota.” He was reacting to an OPEC directive that its 12 member states are required to produce 30 million barrels per day of oil altogether without any specific quota for each member.

Zangeneh said “OPEC is the only organization in the Third World to have managed to influence world’s economic equations and there is no other such body. We have to wait a little to see why a political will is affecting OPEC. Naturally, oil prices should move forward. Those who pushed the oil price down are more than others under pressure. They have understood their mistake, so has the market and it wants the prices to rise, but a political intention is disturbing the market. If this political intention stops oil prices will edge up.

Iran sold heavy crude oil at $53.26 per barrel in February, a $10.42 rise from $42.84 in January OPEC said in its latest report. The country’s heavy crude oil price came to $47.92 on average during the first two months of 2015, showing $57 fall compared to the same period last year. Reuters quoted Iranian Deputy Foreign Minister Hossein Amir Abdollahian as saying that falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world’s biggest crude exporter, takes action to reverse the slump.

There are growing concerns that Iran could become a potential threat to all the oil producing countries. These apprehensions are based on a statement Iranian oil minister that his country has set an output target of 5.7 million barrels per day of crude oil by 2018. Analysts have the reasons to believe his statement because with holding 157 billion barrels of recoverable crude oil reserves, Iran possesses the world’s fourth largest crude oil reserves.

A question arises, why the US is willing to give a chance to Iran to enhance its oil exports? Some cynics say that the US priorities have changed after attaining the status of largest oil producing country. Analysts also apprehend that the US is also willing to accept Iran as a regional super power. If the guns are being moved away from Iran many wonder which country could be the next target?

Netanyahu's victory does not bode well for peace

Benjamin Netanyahu's Likud Party has once again attained a position to form government in Israel, a stunning victory after a tight race that had put his lengthy rule in jeopardy.

Netanyahu's return to power for a fourth term likely spells trouble for Mideast peace efforts and could further escalate tensions with the United States.

With nearly all votes counted, Likud appeared to have earned 30 out of parliament's 120 seats and seems in a position to form a coalition government with its nationalist, religious and ultra-Orthodox Jewish allies.

It is feared that he may try to sabotage nuclear negotiations that may put Israel at odds with the international community. He has already earned a bad name over unabated construction settlements, opposition to Palestinian statehood, and continue clashing with the White House over hardline policies.

According to an AP report, the election was widely seen as a referendum on Netanyahu, who has governed the country for the past six years. Recent opinion polls indicated he was in trouble, giving chief rival Isaac Herzog of the opposition Zionist Union a slight lead.

Exit polls Tuesday showed the two sides deadlocked but once the actual results came pouring in early Wednesday, Likud soared forward. Zionist Union wound up with 24 seats. Given the final results, it is all but assured that Israel's largely ceremonial President Reuven Rivlin will ask Netanyahu to forming the new government.

Netanyahu was prompt in saying, "Against all odds, we achieved a great victory for the Likud," even before final results were known”. "I am proud of the people of Israel, who in the moment of truth knew how to distinguish between what is important and what is peripheral, and to insist on what is important."

Netanyahu focused his campaign primarily on security issues, while his opponents instead pledged to address the country's high cost of living and accused the leader of being out of touch with everyday people..

A union of four largely Arab-backed factions became Israel's third largest party — with 14 seats — and gave Israel's Arab minority significant leverage in parliament for the first time. Ten parties in all made it into parliament.

Herzog, who appeared poised only days ago to stage a coup, conceded defeat and signaled that he would not join forces with Netanyahu and would rather head to the opposition.

UK replacing US in war on terror

United Kingdom UK) commonly known as ‘British Raj’ in Indian subcontinent had the largest number of colonies around the world once upon a time. One should remember at one time United States (US) was also a British colony. At that time it was said at that ‘sun never sets in British Raj’. However, after Second World War the British Empire reduced to its present size. It would have been conquered had the US not dropped two atom bombs on Japan and Germans soldiers not buried live in Russia due to bad weather. Japan had reached closed to India in Burma (Myanmar), there were back out drills in India to prepare the natives of potential air strikes.

At the end of the Second World War, the US assumed the role of ‘Global Policeman’ and it has been fully supported by the permanent and as well as temporary members of UN Security. It may not be wrong to say that since attaining independence US has been constantly leading war in one or the other country; dropped tons of bombs and killed millions of people. Those killed in Japan in the aftermath of dropping two atom bombs in Japan is the most brutal example of crime against humanity.

While taking into account over 200 years history of the US needs an extensive research but post 9/11 war mania of US touched new highs. It simultaneously attacked Afghanistan and Iraq, killed thousands of innocent citizens of these countries and virtually destroyed all the important installations and infrastructure. One of the conspiracy theories says that if attack on Afghanistan was aimed at getting control over production and supply of drug, attack on Iraq was aimed at controlling oil produced in Arabian Peninsula. There was an official declaration of end of war in 2010 but thousands of US-led combat soldiers are still in these countries.

If one dispassionately reviews the massive destruction caused by the US in any and every country it invaded, the findings are most horrendous and even worse than the much talked about holocaust for which Hitler is accused. Hitler killed thousands of Jews but the side effects of atomic explosions in Japan crippled future generations, mentally and physically.

The US has caused destruction because of might but British Raj conquered one country after another following its cunning ‘divide and rule policy’.  The US created phantom like Taliban, which later turned its worst foe. It also created and funded ISIS which not only failed in toppling Syrian president but attained fame for committing the worst crime against humanity. Now the US citizens are critical of their policy makers, who are now openly termed ‘war mongers’ for keeping the indigenous arms factories over booked and wasting tax payer’s money for creating US hegemony around the world. The US foreign policy dictated by CIA has created worst hatred for the US in almost every country, including some of its best friends of yesteryears.

Under the new game plan funds and arms will be supplied by the US but war tacks and physical on ground assault will be overseen by the UK, which has ruled Asia, Africa, Middle East and North Africa by installing locals in power and getting the best deal from them. UK still has its own cult called ‘Commonwealth Countries’.  There are credible evidences that ISIS is virtually controlled by UK, which is also playing a key role in striking a deal with Iran. Israeli Prime Minister made last ditched attempt to sabotage the talks but attracted criticism from its own country fellows for fanning hatred.