Iran

Authored by Eric Zuesse,

On March 14th, Iran announced that it will never pay the $10.5B that a U.S. court demanded it pay for the 9/11 attacks.

Was that it for the great February/March bear market rally?

On Tuesday, Kuwait's oil minister Anas al-Saleh delivered a rather stark warning to the rest of OPEC when he said the following about the much ballyhooed crude output freeze: "I'll go full power if there's no agreement. Every barrel I produce I'll sell.”

Iran says that it has the right to develop and test missiles for purposes of self defense and has no intention to fit the missiles with nuclear warheads and attack other counties, like Israel for example. On Thursday officials said recent ballistic missile tests did not violate any nuclear deal made with the international community. The latest missiles can reach Israel who already has an unofficial arsenal of nuclear weapons and delivery systems.

Hillary Clinton has called for new sanctions against Iran over their recent test-firing of ballistic missiles. On Tuesday Iran test fired several long range ballistic missiles as part of an ongoing military drill in different parts of the country.