Iran Has Said It Will Respond

Iran has finally responded, in some way, about the deal offered by the West. Iran said Aug 22 will be the day that the world will hear from Iran

(AP)"In case the path of confrontation is chosen instead of the path of dialogue ... and Iran's definite rights are threatened, then there will be no option for Iran but to reconsider its nuclear policies."

The statement came a day after Russia said the U.N. Security Council is in no rush to pressure Iran over its nuclear program, striking a more conciliatory tone than the United States as diplomats began discussing a resolution to put legal muscle behind demands that Tehran suspend uranium enrichment.

Which means oil will probably hit all time highs in Aug leading up to the "decision" by Iran.