The other day, MSNBC had an article on Team Obama’s “let’s talk” approach to foreign policy, and declared that it wasn’t going to well when it comes to Iran (and most countries). Yesterday, it got worse
(NY Times) A senior Iranian official on Tuesday delivered a sharp threat in response to economic sanctions being readied by the United States, saying his country would retaliate against any crackdown by blocking all oil shipments through the Strait of Hormuz, a vital artery for transporting about one-fifth of the world’s oil supply.
The declaration by Iran’s first vice president, Mohammad-Reza Rahimi, came as President Obama prepares to sign legislation that, if fully implemented, could substantially reduce Iran’s oil revenue in a bid to deter it from pursuing a nuclear weapons program.
Now, I don’t blame Obama for attempting to get tough on Iran, if you call sanctions, which typically end up hurting the common people, rather than the rulers, tough. But, I do find it interesting that Iran has so little fear of an Obama led America that they would make these threats. It’ll be interesting to see if this affects the oil markets today.
Also, if only there were alternative oil sources on US soil and right off-shore, along with right across the border with our friend to the north. Alas, we apparently have no oil sources domestically at all, and have to rely solely on the wind blowing and the sun shining for power.
Prior to the latest move, the administration had been laying the groundwork to attempt to cut off Iran from global energy markets without raising the price of gasoline or alienating some of Washington’s closest allies.
And there is the problem with much of liberal led government: “laying the ground work to attempt…” It’s the politics of “we’ll talk about creating a plan to actually eventually make a plan.” They aren’t actually Doing Something.