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U.A.E. Cuts Off Ties to Iran Banks
Wall Street Journal / CHIP CUMMINS and JAY SOLOMON06-Oct-2010 (2 comments)
Washington has pushed many of Iran's Persian Gulf neighbors to close off financial access to Tehran's banks.
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While US government is adamant in its resolve to prevent Iran from developing nuclear weapons, its approach is misguided. There is no guarantee that sanctions, no matter how focused they are, will work.
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This one will hurt
by azadi5 on Wed Oct 06, 2010 08:28 PM PDTIran has lots of trade ties with Dubai. If they take away the banking ties, then those trades will get damaged. Watch the inflation go even higher.