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Purveyor

(29,876 posts) Tue Dec 13, 2011, 12:21 PM Dec 2011

7

Oil Surges as Iran Plans Drills to Close Strait of Hormuz [View all]

Dec. 13 (Bloomberg) -- Oil surged above $100 a barrel as Iran’s military prepared to hold drills for closing the Strait of Hormuz, a bottleneck for oil exports from the Persian Gulf.

The military maneuvers will be “soon,” the state-run Fars news agency reported, citing Parvis Sorouri, a member of the parliament’s national security and foreign policy committee. “If the world wants to make the region insecure, we will make the world insecure.”

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http://www.businessweek.com/news/2011-12-13/oil-surges-as-iran-plans-drills-to-close-strait-of-hormuz.html

9 replies

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Highlight:

Oil Surges as Iran Plans Drills to Close Strait of Hormuz [View all] Purveyor Dec 2011 OP

I sometimes wonder dipsydoodle Dec 2011 #1

A speculator could influence the market in this manner. sarcasmo Dec 2011 #2

It is a posibility Hutzpa Dec 2011 #5

Hid in there - the fed plans more money-printing Samba Dec 2011 #6

How I do hate the "God told us to" types, of any flavor... friendly_iconoclast Dec 2011 #3

+1 ellisonz Dec 2011 #9

Looks like the oil cartel are trying to make Iran the new Hutzpa Dec 2011 #4

I wonder if Iran will be deploying the Spruance class destroyers we sold to them? Citizen Worker Dec 2011 #7

Never Delivered, Sir: Revolution, Embassy Seized, and All That.... The Magistrate Dec 2011 #8

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