28 Dec '13, 10pm

#peakoil Iran’s Oil-For-Cash Scheme: An unfolding corruption scandal in Turkey has uncovered transactions that...

#peakoil Iran’s Oil-For-Cash Scheme: An unfolding corruption scandal in Turkey has uncovered transactions that...

An unfolding corruption scandal in Turkey has uncovered transactions that may have allowed Tehran to circumvent harsh U.S. and E.U. sanctions—a revelation that could destabilize Obama’s nuclear deal and threaten the government of Prime Minister Erdogan. A massive unfolding corruption scandal in Turkey —which has already forced the resignations of three government ministers and threatens to upend the Islamist government of Prime Minister Recep Tayyip Erdogan— is fast acquiring an international dimension amid accusations that Iran is enmeshed in Ankara’s political crisis. What started out as a domestic scandal involving shady real estate deals and allegations of bribery and kickbacks among the Erdogan government and its business allies is now expanding, with major international ramifications. Among the potential repercussions, analysts say: a potential destabilization in the...

Full article: http://peakoil.com/publicpolicy/irans-oil-for-cash-scheme

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