June 26: Conference – SWIFT, Oil and Gold: Stormy Seas Ahead?

About the Event:
Please join us from 6:00-9:30pm on the evening of June 26th at the University Club for a discussion on the ramifications of the impending US & EU economic sanctions on the Islamic Republic of Iran to go into effect on June 28th. Most significantly is the interdiction against Iranian banks settling payments via SWIFT (inhibits Iran from selling oil in US dollars), and blocking nations from insuring Iran-bound oil tankers using Western insurance companies. Yet, as China, Turkey and India, with increasing oil needs, have proposed to trade gold bullion and/or agricultural products for Iranian oil supplies, and even provide sovereign and/or corporate guarantees to Iran bound tankers to circumvent these blockages, a complete forecast for capital markets and governments remains unclear.