Originally posted by gordonwest
... but I honestly think it is leading to World War Three.

Jan. 8 (Bloomberg) -- Crude oil traded little changed after rising on concern Israel’s conflict in Gaza will widen and disrupt supplies as rockets from Lebanon hit the Jewish state.

“When these unexpected geopolitical factors emerge they will drive prices stronger,” said Victor Shum, senior principal at consultants Purvin & Gertz Inc. in Singapore. “We’re seeing the risk premium coming back into the price.”

An Al Jazeera reporter with close ties to Hezbollah said Jan. 8 there was no chance the rockets were fired by the Shiite militant group, because the rockets were of an outdated model that Hezbollah had not used for years, The Jerusalem Post reported. Channel 10 also quoted him as saying that had Hezbollah wished to open a second front to Israel’s north it would have fired dozens of rockets, not just three.

Army responds with artillery fire to Katyusha barrage on northern Israel Thursday morning and is ready for possibility of escalation in region. Security sources believe pro-Palestinian Lebanese group behind attack

Attack on Israel from Lebanon threatens 2nd front

Israel has repeatedly said it was prepared for a possible attack on the north since it launched its bruising campaign against Hamas militants in Gaza on Dec. 27. Israel has mobilized thousands of reserve troops for such a scenario, and leaders have warned Hezbollah of dire consequences if it enters the fighting.