- 29 June 2012
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- NIAC round-up
Shorter Range Missiles in the Persian Gulf
In an apparent escalation in Iran’s standoff with the West, a Revolutionary Guards commander was quoted as saying Iran expects to equip its ships in the Strait of Hormuz with shorter-range missiles (Reuters 6/29).
Dubai’s ENOC Affected by State Department Clarification
U.S. State Department officials have clarified that financial transactions that facilitate the import of Iranian “condensate”, a production material Dubai’s national oil company depends on, makes the UAE liable under the US sanctions that go into effect on June 28th. As a result, two sources close to the company said Emirates National Oil Company (ENOC) had already applied for a waiver to avoid US sanctions (Reuters 6/29).
Iran Offers to Deliver South Korea Oil
Less than a day after Iran threatened “reconsideration of its ties” with South Korea in response to an announcement by the country that it would stop purchases of Iranian oil, Iran has come forward to offer to deliver its oil to South Korea on its own ships (Reuters 6/28; Reuters 6/29).
Continued Signs of Rivalry within OPEC