 |
gmst
Registered: Jul 2011
Posts: 3695 |
07-03-12 06:55 PM
Quote from gmst:
bad trade, covered at 87.4, net +200$ trading QM for the day
did couple more scalps, net for day +380$.
I thought that CL will stop trading at 1300 EST but it is still trading at 1354 PM EST.
If I click on CL symbol in TWS, it says trading will stop at 1300 EST today. For ES if I click on TWS, it says trading stops at 1300 EST and it did stop but it didn't stop for CL. Can anyone explain why is it. Thanks.
|
| |
|
Edit/Delete • Quote • Complain |
InvestVision
Registered: Sep 2008
Posts: 2508 |
07-03-12 07:01 PM
Iran drafts bill to block Hormuz for Gulf oil tankers
http://uk.news.yahoo.com/iran-draft...-141910806.html
1/ DUBAI (Reuters) - Iran's National Security and Foreign Policy Committee has drafted a bill calling for Iran to try to stop oil tankers from shipping crude through the Strait of Hormuz to countries that support sanctions against it, a committee member said on Monday.
The Iranian parliament is vocal and sees itself as independent but does not hold much power. Bills are unlikely to get far unless sanctioned by the leadership.
"There is a bill prepared in the National Security and Foreign Policy committee of Parliament that stresses the blocking of oil tanker traffic carrying oil to countries that have sanctioned Iran," Iranian MP Ibrahim Agha-Mohammadi was quoted by Iran's parliamentary news agency as saying.
"This bill has been developed as an answer to the European Union's oil sanctions against the Islamic Republic of Iran."
Agha-Mohammadi said that 100 of Tehran's 290 members of parliament had signed the bill as of Sunday.
However no details were given on how Iran would verify the destination of every ship passing out of the Gulf under the watchful eye of the U.S. Navy.
2/ Iranian threats to block the waterway through which about 17 million barrels a day sailed in 2011 have grown in the past year as U.S. and European sanctions aimed at starving Tehran of funds for its nuclear programme have tightened.
3/ A heavy western naval presence in the Gulf and surrounding area is a big impediment to any attempt to block the vital shipping route through which sails most of the crude exported from Saudi Arabia, the United Arab Emirates, Kuwait and Iraq and nearly all the gas exported from Qatar.
A European Union ban on imports of Iranian oil started on Sunday.
If the bill is approved by parliament it would then have to be approved by the 12-member Council of Guardians, made up of muslim clerics and lawyers selected by the supreme leader, which can veto any bill.
4/ Top oil exporter Saudi Arabia has already taken precautionary steps against the possibility of Iran shutting down Hormuz, including the reopening of an old pipeline built by Iraq to bypass the strait and export more crude via the Red Sea terminals.
5/ The United States has also sent four minesweepers to the Gulf to bolster the U.S. Fifth Fleet after an Iranian military chief refreshed threats of blocking Hormuz.
|
| |
|
Edit/Delete • Quote • Complain |
InvestVision
Registered: Sep 2008
Posts: 2508 |
07-03-12 07:49 PM
Iran Able To Block Strait Of Hormuz, General Dempsey Says On CBS
http://www.bloomberg.com/news/2012-...-tells-cbs.html
Iran has the ability to block the Strait of Hormuz “for a period of time,” and the U.S. would take action to reopen it, Joint Chiefs of Staff chairman General Martin Dempsey said.
“They’ve invested in capabilities that could, in fact, for a period of time block the Strait of Hormuz,” Dempsey said in an interview aired yesterday on the CBS “Face the Nation” program. “We’ve invested in capabilities to ensure that if that happens, we can defeat that.”
should Iran try to close Hormuz, the U.S. “would take action and reopen” the waterway, said Dempsey, President Barack Obama’s top military adviser.
Blocking the Strait of Hormuz, a strategic shipping lane linking the Gulf of Oman with the Persian Gulf, would constitute a “red line” for the U.S., as would Iranian efforts to build a nuclear weapon, Defense Secretary Leon Panetta said on the same program.
Dempsey suggested that curbing Iran’s nuclear work by bombing its facilities would be difficult.
“I’d rather not discuss the degree of difficulty and in any way encourage them to read anything into that,” Dempsey said. “My responsibility is to encourage the right degree of planning, to understand the risks associated with any kind of military option.”
Israeli Strike
Should Israel decide to undertake a unilateral military strike against Iran, the U.S. priority would be protecting American troops in the region, Panetta said.
Dempsey and Panetta sought on CBS to provide assurances that the new U.S. military strategy, announced last week, won’t limit the U.S. ability to stop aggressors.
“What we’re looking to do here is not constrain ourselves to a two-war construct, but rather build a force that has the kind of agility” needed to adapt to any scenario, Dempsey said. Previous U.S. war planning called for preparing to fight two conventional wars simultaneously.
The plan was driven by the need to cut almost $490 billion from projected Pentagon spending through 2021, including about $261 billion through 2017. Panetta said last week the details won’t be released until the Pentagon presents its 2013 budget request to Congress by early February.
|
| |
|
Edit/Delete • Quote • Complain |
InvestVision
Registered: Sep 2008
Posts: 2508 |
07-04-12 03:14 PM
U.S. Adds Forces in Persian Gulf, a Signal to Iran
http://www.nytimes.com/2012/07/03/w...1&_r=1&ref=iran
1/ Military buildup
----------------------------
Since late spring, stealthy F-22 and older F-15C warplanes have moved into two separate bases in the Persian Gulf to bolster the combat jets already in the region and the carrier strike groups that are on constant tours of the area. Those additional attack aircraft give the United States military greater capability against coastal missile batteries that could threaten shipping, as well as the reach to strike other targets deeper inside Iran.
And the Navy, after a crash development program, has moved a converted amphibious transport and docking ship, the Ponce, into the Persian Gulf to serve as the Pentagon’s first floating staging base for military operations or humanitarian assistance.
The initial assignment for the Ponce, Pentagon officials say, is to serve as a logistics and operations hub for mine-clearing. But with a medical suite and helicopter deck, and bunks for combat troops, the Ponce eventually could be used as a base for Special Operations forces to conduct a range of missions, including reconnaissance and counterterrorism, all from international waters.
While American ground troops have been withdrawn from Iraq, a force equivalent to an extra Army combat brigade has remained in Kuwait, officials said. It could have many roles to contain regional instability, but Iran is a primary concern.
2/ US Balancing Act : IRAN Vs. ISRAEL
----------------------------------------------------------------
But this delicate signaling to both Iran and Israel is a complex dance. Senator John Kerry, the Massachusetts Democrat who is chairman of the Foreign Relations Committee, said that the administration must strike a fine balance between positioning enough forces to deter Iran, but not inadvertently indicate to Iran or Israel that an attack on Iran’s nuclear sites is imminent or inevitable.
At the same time he must signal support for Israel, but not so much support that the Israelis see the buildup as an opportunity to strike the Iranian nuclear facilities, which Mr. Obama’s team believes could set off a war without significantly setting back the Iranian program.
A key motivation for “Olympic Games,” the covert effort to undermine Iran’s enrichment capability with cyberattacks, has been to demonstrate to the Israelis that there are more effective ways to slow the program than to strike from the air.
3/ US Politics
-------------------------------
For President Obama, the combination of negotiations, new sanctions aimed at Iran’s oil revenues and increased military pressure is the latest — and perhaps the most vital — test of what the White House calls a “two track” policy against Iran. In the midst of a presidential election campaign in which his opponent, Mitt Romney, has accused him of being “weak” in dealing with the Iranian nuclear issue, Mr. Obama seeks to project toughness without tipping into a crisis in the region.
4/ IRAN waters
--------------------
While it always is difficult to read Iran’s intentions, senior American Navy officers have noted that Iranian ships in the Persian Gulf have refrained recently from provocative behavior.
“Things have been, relatively speaking, quiet,” said Adm. Jonathan W. Greenert, the chief of naval operations, assessing actions by Iranian Navy vessels over “the last couple of months.”
But that was without the pressure of the new sanctions; already Iran is exporting far less oil every day than a year ago: about 1.5 million barrels a day versus 2.5 million before the gradual imposition of earlier sanctions.
While Iranian vessels have avoided any confrontations with allied warships in recent weeks, Iran expects to equip its ships in the Strait of Hormuz soon with shorter-range missiles, a Revolutionary Guards commander said on Friday, according to the semiofficial Mehr news agency.
|
| |
|
Edit/Delete • Quote • Complain |
| Receive
an email whenever a new post is added to this thread by subscribing
to it. |
|
|
|
|
