In an attempt to curb the current turmoil and bloodshed in Libya the European Union is setting up sanctions to be taken against the violent oppression in Libya. These sanction may include, embargo and seizing offshore assets of Libya. For…
Category: News Feed
Qaddafi ups the ante and threatens to explode Libya’s oil reserves
The news from the Middle East is still pouring in, this time it comes from Libya’s Muammar Qaddafi: according to recent reports, Qaddafi threatens to explode Libya’s oil reserves in an attempt to cut Europe’s supply of oil. Libya, a…
The Iranian warships passed the Suez Canal
As part of the current Middle East turmoil the two Iranian warships were reported to have passed the Suez Canal and they are currently in the Mediterranean Sea, for the first time since 1979, and en route to Syria. These…
Saudi Arabia Responses to Turmoil in the Middle East – 22 February
The Middle East turmoil already caused some uprise in the crude oil price today, driving it up as the uncertainty in supply of oil from Libya – an OPEC member, could be at jeopardy. Saudi Arabia, according to Prince Abdulaziz…