Sky News: Reports in its 06.46am post the following, " Oil price surges again as Iran steps up attacks on energy-related targets "
Let's Get Real:
The IEA has released 400 million barrels of oil, that will calm the market. This takes time, prices should fall, the US Navy needs to convoy tankers through Strait of Hormuz, like they did during the Iraq - Iran War. The market needs to calm down, this is not end of the World.