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Ahmadinejad has proven resourceful in driving the diplomatic conflict. His government has rejected international calls to halt uranium enrichment, ignored UN-imposed deadlines, armed Iraqi militias, supplied Hezbollah with weapons, denied the Holocaust & staged military exercises near the Strait of Hormuz, through which 40% of the world’s sea-traded oil passes. All this has helped inflate oil prices, enriching the Iranian government.
When Supreme Leader Ayatollah Ali Khamenei hinted that Iran could play the oil card, US Secretary of State Condoleezza Rice dismissed the idea. “Let’s just remember that Iran is some 80% dependent on oil in its budget,” she said, so it is “not really able to live with a disruption.” But if Iran pulls modest amounts of its oil from international markets, price increases are likely to off set (perhaps completely) any loss in revenue from the supply cut. In addition, threats to the Strait of Hormuz would allow Iran to force prices up without any reduction in output.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
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Ahmadinejad has proven resourceful in driving the diplomatic conflict. His government has rejected international calls to halt uranium enrichment, ignored UN-imposed deadlines, armed Iraqi militias, supplied Hezbollah with weapons, denied the Holocaust & staged military exercises near the Strait of Hormuz, through which 40% of the world’s sea-traded oil passes. All this has helped inflate oil prices, enriching the Iranian government.
When Supreme Leader Ayatollah Ali Khamenei hinted that Iran could play the oil card, US Secretary of State Condoleezza Rice dismissed the idea. “Let’s just remember that Iran is some 80% dependent on oil in its budget,” she said, so it is “not really able to live with a disruption.” But if Iran pulls modest amounts of its oil from international markets, price increases are likely to off set (perhaps completely) any loss in revenue from the supply cut. In addition, threats to the Strait of Hormuz would allow Iran to force prices up without any reduction in output.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
For More IIPM Article, Visit Below....
IIPM News
ABOUT IIPM
IIPM MANAGEMENT INSTITUTE
About IIPM > Mission
IIPM Links
IIPM Students Life > Campus Placement
IIPM Students Life > Campus Resources
IIPM Alliances
IIPM : WHAT’S SECURITISATION?
More about IIPM
IIPM Academics > Faculty
IIPM Academics : Global Outreach Program
IIPM Admission > Application Details
Education and E-Governance
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