(SMH) Ross Cameron–Iran versus Israel: more oil on troubled waters

T he discovery this week of a massive light crude oil field in southern Iran adds another layer of complexity to one of the world’s most acute problems. Iran and Israel appear to be heading for war unless something unexpected happens and this week’s discovery will only strengthen the resolve and confidence of Tehran.

For many Australians the name Iran conjures images of bearded and severe Ayatollahs and a wide-eyed President Ahmadinejad occupying the no-man’s land between sanity and fanaticism. We see a persistent stream of refugees who seem to validate the assumption they must be fleeing a toxic regime. Since this country could easily become the biggest, cataclysmic news story of the year, it is worth spending a few minutes trying to understand its pathology….

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Posted in * Economics, Politics, * International News & Commentary, Energy, Natural Resources, Foreign Relations, Iran, Israel, Middle East, Politics in General