There doesn't seem to be a IRAN/Russian deal, maybe they are in talks but NO DEAL?? Shorts leaking out a BS story in order to cover cheaper maybe?? Amazing how the market reads into something that isn't there!!
Both sides are now admitting there was no agreement made. The sticking point is that even if Iran agrees to the reprocessing of it's spent nuclear fuel in Russia, it has adamantly refused to back away from it's stated intention to make weapons grade all uranium mined on Iranian soil. It also called on both the U.S. and Russia to destroy their nuclear weapons if they don't want Iran to have them. Translation?: Yet again, the United States will be forced to expend lives and resources getting rid of a madman who refuses to listen to reason. Ahminijad (however the hell it's spelled) will not stop his mad lusting for the means to "wipe Israel off the map". He WILL need to be stopped, and that means a time of great instability in the worlds energy markets. Iran could try to block all transports of oil through the strait of Hormuz (sp?)-that's 40% of ALL the worlds oil. Won't you all be glad you were long BHI when that happens? I pray it will be averted.,...but these madmen types don't seem to back down and I think war is inevitable.