The Banking and Strategy Initiative

Chillin' out till it needs to be funded

Iran Sanctions: Addendum : IEA / SPR withdrawal refuted

CSX GE Dash 8-40B #5000

Image via Wikipedia

It seems that cat got the whitehouse’s tongue after the reaction to its withdrawal with the UK from the Strategic Reserves was pretty muted ( zerohedge mentions it as less than $2 to barrel )

CSX up 7% despite weak Coal demand instead and Whitehouse came out with another statement refusing any SPR withdrawals were in play.

EU’s completed processing for deleting Iranian entities from the SWIFT system leaving it out of all inter bank system of managed money transfers, its currency non tradeable or transferable to anywhere inthe West or the East..as WIft is a global standard.

Any other Headline Tests anyone?

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