While on one hand we get news from Nigeria that the government and the labor unions have failed to end a labor strike, raising the prospect of a halt of all production in the country which produces 2.4 million barrels of oil per day or roughly the same as Iran exports, we now find out that the US attempt at de-escalating tensions with Iran (following Thursday's news of an extension in the oil embargo deadline by 6 months - one would almost think Obama realized $5.00 gas may be an issue with the election looming) may have failed massively, and it is now Iran's attempt to score political brownie points knowing well it has all the advantage. As EA WorldView reports, instead of backing away from last week's sensitive issue of the assasination of a nuclear scientist, Iran has ripped the scab right off the wound and its foreign ministry has boldly proclaimed that it has "reliable documents and evidence that this terrorist act was planned, guided and supported by the CIA. The documents clearly show that this terrorist act was carried out with the direct involvement of CIA-linked agents." So the ball is now squarely back in America's court, and any further attempts at appeasement, such as the embargo extension was perceived as being, will merely serve to make US foreign policy appear even more toothless. Which Hillary will hardly stomach. So we may well be back at square one (only this time with two aircraft carriers in the Arabian Sea instead of just one).
From EA WorldView:
The Foreign Ministry has asserted in a letter, handed to the Swiss Ambassador, "We have reliable documents and evidence that this terrorist act was planned, guided and supported by the CIA. The documents clearly show that this terrorist act was carried out with the direct involvement of CIA-linked agents."
The Swiss Embassy represents the interests of the US, which broke diplomatic ties with Iran in 1979.
Iranian State TV said a "letter of condemnation" had also been sent to the British Government, contending that the killing of Iranian nuclear scientists had "started exactly after the British official John Sawers declared the beginning of intelligence operations against Iran".
And as for Nigeria, here is AP with the latest:
Nigeria's government and labor unions failed to end a paralyzing nationwide strike over high gasoline costs, potentially sparking an oil production shutdown in a nation vital to U.S. oil supplies.
It was not immediately clear early Sunday whether a major oil workers' union had gone ahead with its threat to have its members walk off their jobs starting at midnight in an effort to halt oil production. But the fact labor unions left quickly from their meeting with the government and no one announced when talks would resume raised concerns the impasse would see Nigeria go through more days of disruptive strikes.
Nigeria, which produces 2.4 million barrels of oil a day, is the fifth-largest oil exporter to the United States. Any disruption to oil production could roil the oil futures market at a time traders remain concerned about world supply.
President Goodluck Jonathan did not show up for a meeting with union representatives held Saturday night at the presidential villa in Nigeria's capital Abuja, nor did Vice President Namadi Sambo. Instead, the nation's Senate president and its House speaker represented the government along with other officials.
After the meeting, Nigeria Labor Congress President Abdulwaheed Omar told waiting journalists: "We have not reached a compromise."
Asked whether oil production would immediately halt, Omar said: "We are taking these things gradually.
As for next steps, here is an idea.
Libya - before:
Nigeria - before: