A potential $1.5 billion oil-for-goods swap between Iran and Russia has prompted harsh responses from Washington, which says such a deal could trigger new US sanctions.
An Iran nuclear deal would ease economic sanctions on the Islamic nation in exchange for limits to its uranium enrichment program. Oil prices slipped Monday, on news of the Iran nuclear deal, set for Jan. 20, but the promise of new Iranian oil may be overhyped.
The agreement reached Sunday between Iran and world powers merely formalizes the November Geneva accord. But it's notable that they defied fierce US congressional opposition.
Letters to the Editor for the January 13, 2014 weekly magazine: Will the delay agreement become a Neville Chamberlain 'peace for our time' appeasement?; What of the media's double standard of silence on Israel's possession of nuclear weapons?; We should review the history of the lead-up to World War II and not repeat the same mistakes.