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To: CommanderCricket who wrote (58512)2/2/2006 9:16:50 AM
From: RWS  Respond to of 206184
 
Probably they took profits yesterday.

RWS



To: CommanderCricket who wrote (58512)2/2/2006 10:01:01 AM
From: Tito Smiles  Respond to of 206184
 
Bloomberg had news about the US will not refer Iran to the UN if they are willing to increase inspections

AP is reporting that referral is likely, but once referrral is made there will be a roughly one month window to reach a settlement before the matter goes before the Security Council. Whatever happened, tensions must have been defused somewhat because CL is down this morning.

news.yahoo.com
Nuclear Watchdog Considers Iran Referral

VIENNA, Austria - U.S. and European diplomats campaigned behind the scenes Thursday in a last-minute effort to gain the broadest possible consensus for their decision to report Iran to the U.N. Security Council over concerns it is seeking nuclear weapons.

The negotiations came as the International Atomic Energy Agency's 35-nation board of governors began a two-day meeting on a European draft resolution calling for Tehran to be referred to the Security Council, which can impose sanctions.

The chief of the U.N. nuclear watchdog agency, Mohamed ElBaradei, said the meeting opened a "window of opportunity" to defuse the crisis, stressing that even if the issue is referred, the Security Council would not take up the issue before next month.

The IAEA board was expected to approve the motion easily because Russia and China — which have veto power on the Security Council along with the U.S., Britain and France — now support reporting Iran following months of opposition. But protracted back-room negotiations were being held to achieve the broadest consensus possible.

more at link