Iran’s Ace (Or Deuce): Its Oil Reserves

* username: rupertbu

Diplomacy and energy are never far apart in the Persian Gulf. So, as American officials seek new international sanctions against Iran this week, it’s probably wise for them to remember how much the world’s global energy map has changed over the past decade.
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Iran’s leaders certainly do, and they’ve been counting on their increased ties with Asian countries, especially China, as their trump card against efforts to hem in their nuclear program.

At the same time, the Iranians may want to reconsider just how much that trump card is worth. A number of experts say it is losing its value with each month that the stalemate over its nuclear program continues.