Iran worries spark fears of $200-a-barrel oil?
FT:
The oil market has rediscovered an old foe: Iran.
The price of Brent crude, the global benchmark, has rallied to almost $115 a barrel as the war of words between Israel and Washington, on one side, and Tehran over its nuclear programme escalates.
I have a solution to this problem.If there is going to be a war, ensure that Iran’s capability to do damage is WIPED OUT in the first 25 minutes, NO MATTER WHAT THAT ENTAILS.What we have to do is to debate if that solution is warranted.Because if we decide it is, then the IRGC ex-filtrating from Iran, and communications between Iran, Hezballah and HAMAS will be the tip off THEY expect war, and prompt action on this side of the equation.
$200/BARREL OIL = $7-8/gallon here in the USA and the END of the economy.TravelFoodShippingKAPUT
If we believe Iran’s deterrence and retaliation is to destroy the west via oil prices, they MUST GO in the first 25 minutes of any war.
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