But none of the Indian or Pakistani recent Governments have
evidenced hostility to the West as Iran's mullahs have...
Likelyhood of a strike from that quarter is remote. From Iran, far higher based on Amadinejad's statements alone.
Back in the 90's the Pakistanis were not friendly to the US and they actually detonated a nuke. The Saudi oil fields were still withing range of Saddam's scuds and Oil traded below $15. Throughout the late 90's the Iranians fielded new missiles along their coast. The current saber rattling has done nothing to affect the flow of oil and inventories are up...The traders are looking for any excuse right now and it is not justified.
I suspect there will be indictments coming soon. Months ago when Congress made threatening overtones, the price would drop overnight. Their investigation looked at the wrong people..As Ted Nugent would say..."It's a free for all!"