NEW YORK ( TheStreet) -- Those old enough may recall the immortal words of Gomer Pyle: Surprise, surprise, surprise. As I wrote in several previous articles, the only impact of oil restrictions placed on Iran is higher costs for Europeans. Fortunately, Washington's foolishness won't likely impact West Texas Intermediate prices. All of Brussels and Washington's actions play right into the hands of China.Even Japan, one of our strongest allies, has received a "waiver" to ignore the European Union ban and doesn't face banking or any other repercussions for importing Iranian oil. Insuring the oil while on the high seas hasn't proven as problematic as many have suggested either. Japan's parliament recently voted to use the backing of the Japanese government to insure the oil, problem solved.
EU's Iran Sanctions More Bark Than Bite
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.