Elias Trading Port

Intro

As you may or may not know we post weekly analysis, daily trade set ups and Forex pairs to watch out for in our other blog (http://akfinancials.blogspot.com/). So that and trading signals will be available on that site, this blog will be dedicated more towards long term fundamental analysis of different currencies, global headlines that dont make it to main stream media and anything that can help you succeed in trading. At times I will post articles that may be indirectly related to trading but can benefit you in other areas of your life. Some articles I will post will be inspirational; a reminder that we all have what it takes to succeed in the Forex market, regardless of your back ground. Success in the Forex market is not only about understanding the technical or fundamental aspect of trading but also about leading a balanced life style that enables you to succeed.


Tuesday, 31 January 2012

Turkey defies US, EU ban on Iran oil

Turkey has defied Western calls to ban Iranian crude imports, saying Ankara will not go along with the EU and US sanctions on Iranian oil.


A Turkish Energy Ministry spokesman said on Monday, “We are not bound by EU or US decisions.”

On Sunday, Turkish Foreign Minister Ahmet Davutoglu ruled out the possibility of Ankara complying with the unilateral sanctions imposed on the Islamic Republic, saying Turkey is currently trying to facilitate talks between Tehran and Western nations on Iran's nuclear program.

Turkey imports a significant amount of Iranian oil for its biggest petrochemical company, Tupras, which operates four refineries with a total of 28.1 million tons of annual crude oil processing capacity.

Russia, India, and China have also criticized the West's sanctions on Iranian crude.

Read full article here: http://www.presstv.ir/detail/224025.html
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