Iran's Use of Oil Weapon Cuts Two Ways

Iran's Use of Oil Weapon Cuts Two Ways

www.examiner.com

Iran's potential to shut down nearly 40 percent of the world's oil trade represents a weapon possibly more powerful than its missiles, gunboats or any arms system Tehran claims to possess.

But such a move would cut both ways in any possible military showdown with the United States.

The Islamic Republic's overwhelming dependence on revenue from its crude exports means it could end up suffering a sharp and self-inflicted blow if it turns off the spigots and blocks Persian Gulf supply lines.

Oil remains near historic heights. And jittery markets jump at any sign that supplies could grow tighter, spiking at every hint of new tensions over Tehran's nuclear defiance.

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Well, maybe this is the reason why America has not made a move on Iran.

The US government may have been far more aware of this than anyone else and have held off due to the effect this would have on the US at this current time.

If the inflated price of oil is deliberate, then someone is saving up some cash for something.

The urgency to stop Iran seems to have simmered down a little and U don't think it has anything to do with sanctions imposed as Iran seems to be oblivious to any and all threats.

Iran knows they hold a few good cards, oil may be the ace up their sleeve.

If the threat of an attack becomes very real, then Iran simply stops supplying, but will have huge amounts of oil to run their war effort. If Iran is invaded and taken over, then maybe they would set fire to the oil fields, destroy all their oil plants etc.

If Iran was nuked, then it would possibly be years before anyone can go anywhere near an oil field.


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(visit the link for the full news article)