Monday, February 20, 2012

Sabre Rattling by Iran


Telegraph: Reports as the UN sends its Nuclear Inspectors to Iran, the Tehran does some sabre rattling by holding anti aircraft exercise. As the article notes the UN Inspectors will not visit Iran’s controversial nuclear facilities, thus these talks are being used by Iran as time to builds up its nuclear structure, and its defence of these structures, as noted on Fox News a barrel of oil has now reached $105 Dollars, these will send up the price when customers fill up their cars. If there is an attack on Iran expect a barrel of oil to reach between $115 - 145 dollars a barrel, this will hit customers, thus less spending, a contraction of the economy. This will have negative effects on voters in the US and UK. Thus this is important folks, expect more tension to develop, this crisis will not go away folks.

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