IRAN ISSUE - 22nd is a Response Day to Western Incentives

Iran announced it would reply to the Western incentives on its nuclear program on August 22, the first time it has given a precise date after weeks of being accused of stalling.

Market is still for long, and awaiting for such response from Iran.

Thursday's statement by Supreme National Security Council suggested Iran was likely to reject the main point of the West's proposals, the imposition of a long-term moratorium on uranium enrichment.

The statement said Iran "has made plans to produce part of its nuclear fuel needs inside the country and is making efforts to meet its required fuel" - a process that entails enriching uranium for use in nuclear reactors.

The council also warned that Iran would retaliate if the world tried to punish it over its nuclear program.


There Response can come anytime today, And market eyes for it.