12 Jul '12, 9am

Iran: The War Is On via @Strategypage

July 12, 2012: The new, and more severe, sanctions against Iran have been in force for nearly two weeks, and they are hurting. Oil shipments, according to the Iranian government, are down 30 percent. Inflation, according to the government is somewhere north of 20 percent. It's actually closer to 30 percent, largely because the government just prints more money to give angry Iranians, to help offset the ever-rising prices. This just makes the inflation worse. The U.S. made no secret of sending more mine clearing equipment to the Persian Gulf. This is one of several American responses to increasingly belligerent threats coming from Iran. The new sanctions, meant mainly to cut Iranian oil sales and smuggling efforts (in response to earlier sanctions) are hurting. Inflation and shortages of imported goods are both getting worse. This hurts most Iranians and has turned public o...

Full article: http://www.strategypage.com/qnd/iran/articles/20120712.aspx

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