Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Nuclear Iran Persian Gulf Challenge Looms Large

Politics / Iran Sep 24, 2012 - 09:38 AM GMT

By: Money_Morning

Politics

Best Financial Markets Analysis ArticleDr. Kent Moors writes: My meetings and media interviews continue here in London. But this morning I want to fill you in on one of the more interesting briefings I have ever held.

Last night, Marina and I had the distinct pleasure of dining with Khaled Duwaisan, Kuwait's Ambassador to the Court of St. James and the longest-serving foreign emissary in London.


His Excellency is a very gracious man, well respected by his peers, and, after more than two decades in London, certainly somebody who has seen much come and go in his time.

Our discussions centered on the situation presented by Iran in the Persian Gulf and the current crisis there.

Also attending the dinner and long discussion were the ambassadors from every other Gulf Coordination Council nation in the region and the legal representative of the Iranians (who currently have no official diplomatic connection with the United Kingdom).

Now, as with such sessions, all of the conversations were held under Chatham House rules. That means, while general themes can be discussed, all participants agree not to connect named people with specific positions in commenting on the meeting afterwards.

This was one of the more memorable sessions I have ever had. It was striking how articulately and passionately the delegates addressed the subject.

The overwhelming response to my comments could be summarized in two ways: the rejection of a nuclear-armed Iran and a strong opinion that the region must settle its affairs on its own.

The first conclusion is certainly shared by the West, but the second may well be difficult to achieve in practice. The prospect of Iran with nuclear capability is hardly a matter Washington, or London, or Brussels will allow the region to decide on its own.

The gathering certainly understood that. These are, after all, seasoned diplomats well-schooled in the protocols and realities of international politics. But they are also experienced in the affairs of a region with the longest and most intricate negotiating traditions on the face of the earth.

They also have a perspective honed from several thousand years of history, tradition, and conflict. There was present a quality I rarely experience in my international meetings -- patience.

However, one other matter quickly surfaced that was unanimously viewed as a major element in the ongoing conflict. The assembled representatives spoke about it candidly and directly.

The "Arab Spring" is viewed very differently within the region than it is in most Western capitals. While the expressions of frustration and hope issuing from the streets in places like Cairo, Damascus, Tunis, and Tripoli are well-recognized and considered a watershed in the current regional climate, they are also ushering in something viewed with great concern.

Returning to the forefront of concern is the split between the two great traditions of Islam.

Most of the Moslem world is Sunni. Iranians (and southern Iraqis) are overwhelmingly Shiite. Therein lies the single biggest worry pervading last evening's conversations.

Now the entire Arab world unifies when the issue pits Moslems against non-Moslems, especially when it comes to respecting their deeply held religious beliefs. The ongoing demonstrations and worse against portrayals of their Prophet are indications enough.

But inside the world that is the Persian Gulf (or the Arabian Gulf as some participants last evening would prefer to call it) the separation of the two camps is clear and long a cause of dispute and conflict.

Iran, by its neighbors' standards, is regarded as a large problem. Tehran exports both terrorism (Hezbollah in southern Lebanon, now part of the Lebanese government itself, is the clearest example of this) and a messianic view of religion.

Both create problems for its neighbors, but the religious basis of the threat is most endemic to the region's overall security.

The ambassadors couched some of their comments in the carefully crafted language of their profession. But on two matters they were direct.

•First, they commented several times on what they regarded as an American double standard. They rejected the idea of a nuclear Iran. But they also found Washington's silence on Israeli nuclear capability disingenuous. Either nuclear weapons are prevented in the region as a whole, or some new version of mutually assured destruction (MAD) ensues. Saudi Arabia could develop its own deterrent in short order and a dangerous race would be on in earnest.
•Second, it may take much longer and be frustrating to Western interests, but the only solution that will stick is one that comes from the region itself. Few around the table last evening, however, thought Washington trusted them enough to pull that off. It was also agreed that Tehran, for that matter, does not seek to be an equal in the region but the dominant power.

When it came time for me to make some concluding remarks, I told a story that happened decades ago.

During an assignment in my counter intelligence days, we found ourselves in a situation that required we pit villages in a remote area against each other. The divide and control approach is still one of the primary weapons in many parts of the world (including the Persian Gulf).

One day, the elders from four of the villages came to me and simply said they refused to play the game any longer. For several days, I had to consider what to do next. Finally, I called them together and simply asked, "What do you need?"

One elder smiled and said, "That is the first time any American has ever asked that. Usually you just tell us what you intend to do for us."

I suggested last evening this may be the most appropriate approach for the U.S. in the Gulf this time around. We have tried politics, and we have tried the Marines. Maybe we should simply let them decide what they need from us.

The ambassadors nodded in approval. But even then, everybody understood Washington could never allow the Iranian nuclear ambitions to play themselves out on their own.

We still have a way to go.

Source :http://moneymorning.com/2012/09/24/the-challenge-in-the-persian-gulf-with-iran-looms-large/

Money Morning/The Money Map Report

©2012 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in