Will the sanction-busting oil shipment from Iran to Lebanon create another crisis in the markets?

[hemanthaa@mail.com + 64]

Crude oil markets are not short of anxieties at present and what the former desperately need is the stability in the market conditions. Unfortunately, a shipment of oil from Iran, defying the US-led sanctions, to Lebanon, if not handled sensitively, is going create the polor opposite. Lebanon is collapsing from within and its people desperately need fuel. It looks like the Iranian-backed Hezbollah has come forward to fill the vacuum, much to the dismay of the Sunni politicians from Lebanon - and beyound. 

In light of the debacle in Afghanistan, we do not know whether the militant group flexes its muscles or tries to address an acute need.

Please read for more....

[footeab@yahoo.com + 2,192]

What?  An OIL topic in Oil General, get out of here <<Gasp!>>

Uh, what exactly will Lebanon pay Iran with?  They grow some nuts and fruits.  Mining--???  I uh, had to look this up... its leading mining is limestone..... Not exactly a $$$ producing venture.   So we can call all mining in Lebanon ~Zero.  Manufacturing?  --> zero.  Tourism... quite a bit until the current fiasco...

You can't stop gifts.  Venezuela was gifting Cuba with oil for decades.  Did not bring the sanctions down or disrupt the market. 

[hemanthaa@mail.com + 64]

There is no sign of oil reaching its destination - as yet!