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How Middle Eastern tensions may blow up commodities

Posted on 14 December 2011

Over the last 24 hours, tensions between the Iranian republic and Israel have become more pronounced. As Iran fears a United States-backed attack by the Israelis, the nation has decided to start pursuing rampant military drills in order to prepare itself for the worst.
Its most recent drill took place in the Straits of Hormuz, a strategically significant waterway bordering southern Iran. It is also used to export crude oil and petroleum from the Persian Gulf. It is no surprise that once the Iranian government shut down the waterway that energy futures spiked………………………………………..Full Article: Source


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