Iran is likely to adopt a new and aggressive stance on the nuclear matter because Iranian leaders surmise that they can change the game. This position, however, may lead to an all-out war.
Following the European Union ministers meeting in Luxembourg on October 15, more sanctions were announced against Iran. According to the new set of sanctions all transactions between European and Iranian banks will be prohibited, except those with advance official permission or for humanitarian purposes, sources report. Analysts say that as a result of new sanctions Iran will lose the ability to clear its oil money in Euros. While Iran is already locked out of US transactions, these new EU sanctions can paralyze the country’s trade.Read More