[drunkguy]

Bloomberg reports crude oil rebounded from its largest decline in three months after Iran test-fired a long-range missile in the Strait of Hormuz. Iran, which is the second-largest producer in OPEC said it may block the shipping lane and strike Israel as well as the U.S. Navy in the Persian Gulf if its nuclear facilities are attacked. Brent crude climbed 1.8% in at 11:15 AM in London reversing part of its 3.8% drop the pervious day. Nearly 40% of the world's traded oil supply passes through the Strait of Hormuz.




GWB will have us battling it out over there before he gets kicked out of office

Iraq starting to look like the gem of the region with Pakistan and Afghanistan a mess and Iran knocking on the door