IAEA Fails on Iran Nuclear Talks

The IAEA has said that their attempts to visit Iran’s Parchin military base have been refused after two days of discussion on Iran’s nuclear program. This is Iran’s suspected nuclear related military facility.

On the IAEA facebook site they write:

“It is disappointing that Iran did not accept our request to visit Parchin during the first or second meetings,” IAEA Director General Yukiya Amano said. “We engaged in a constructive spirit, but no agreement was reached.”

Iran has gone one step further and has threatened any nation saying that in fact they may make pre emptive strikes on those nations to protect their nuclear facilities.

In intelligence reports Iran looks like they have cut the time to achieve 90% weapons grade uranium enrichment to only 6 weeks after moving this process underground to the Fordo site near Qom.

The US continues to push the diplomacy path suggesting that they believe there is still time for this to work without military action being required. Whilst Israel believes that time is fast running out and that the game has changed now that Iran has threatened with pre emptive action.

Oil Implied volatility index still looks relatively cheap and is compressed.

The perspective here for energy markets is that right now the Oil volatility index is trading at 33.97 over the last 30 days implied volatility has been compressed and now testing upper levels of these ranges. The question here is about timing as “the writing on the wall” suggests that the probability of a military action is ever increasing.  Good Trading. CF

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