Tuesday, 18 May 2010

Iran Prepared to Block Gulf Oil and Wreck Western Economies

Israel National- Iran’s recently-concluded war games concentrated on preparations to block the Persian Gulf and wreck Western economies in the event that the United Nations Security Council tries to place harsh sanctions against it.

Forty percent of the world’s oil and gas sails through the Persian Gulf, and an Iranian blockade would cause an inflationary spike in energy prices and a fuel shortage that could cause catastrophe for the West, which is dependent on Iranian crude to fuel their gas-hungry economies. more


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