Friday, January 6, 2012

Will the tensions of Hormuz strait make crude rise to $200?

Since 24 December, the Iranian Navy has been holding its ten day Velayat 90 naval exercises covering an area in the Arabian Sea stretching from east of the Strait of Hormuz entrance to the Persian Gulf to the Gulf of Aden.

What is occurring now off the Persian Gulf is a diplomatic and military game of chess with global implications
� commodityonline.com

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Source: http://www.albawaba.com/tensions-strait-hormuz-will-crude-rise-200-407850

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