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Calling Iran’s bluff ( On closing the Strait of Hormuz)
MarketWatch ^ | Dec. 28, 2011, 2:44 p.m. EST

Posted on 12/28/2011 12:49:08 PM PST by Ernest_at_the_Beach

Commentary: Oil traders put a lid on Iran’s threats to shut Hormuz

SAN FRANCISCO (MarketWatch) — Whom are you going to believe?


Reuters

Iranian Navy Commander Habibulah Sayari points to a map during a Dec. 22 news conference in Tehran.

Iran is once again making lots of noise about shutting the Strait of Hormuz, the gateway to the Persian Gulf that carries about a third of the world’s oil-tanker traffic.

Iran’s vice president claims the Iranians might have to clear shipping from the channel while they conduct a 10-day naval exercise there, a little flexing of military muscle to make the West think twice about slapping an oil embargo on Iran for refusing to unplug its nuclear program.

The U.S. Fifth Fleet, which uses the same waterway to get to and from its base in Bahrain, says it simply won’t tolerate Iran’s closure of the Hormuz Strait. Period.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: china; energy; hormuz; iran; straitofhormuz

1 posted on 12/28/2011 12:49:16 PM PST by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

Iran best be careful or they will get a very, very, very stern letter from our Dear Leader.


2 posted on 12/28/2011 12:54:15 PM PST by RC2
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To: All
Author is Jim Jelter
3 posted on 12/28/2011 12:54:31 PM PST by Ernest_at_the_Beach ( Support Geert Wilders)
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To: RC2

He is pretty busy golfing I hear.


4 posted on 12/28/2011 12:56:14 PM PST by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Ernest_at_the_Beach

Yup....it get him away from his wife.


5 posted on 12/28/2011 1:02:34 PM PST by RC2
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To: Ernest_at_the_Beach; RC2

I am thinking, here. The only bluff Obama EVER called was our own—the dumbed down American voter.


6 posted on 12/28/2011 1:03:03 PM PST by RitaOK (wRasmussen- the polling standard for accuracy.)
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To: Ernest_at_the_Beach

If Washington had any cajones (which everybody knows they don’t), a message would be sent to the ragheads that any such action would be met with immediate, total, all-out, white hot war. Period. Turn their country (and I use the term loosely) into ashes and glass.


7 posted on 12/28/2011 1:16:08 PM PST by GoldenPup
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To: RC2

I hope Obama knows what he is doing. It can’t be like his Drone moment. Can I have my Drone back. Pretty Please!


8 posted on 12/29/2011 7:59:04 AM PST by ncfool (The new USSA - United Socialist States of AmeriKa. Welcome to Obummers world or Obamaville USSA.)
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