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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: maxncompany who wrote (80772)6/28/2008 9:47:27 AM
From: Crimson Ghost   of 116555
 
Iran says Gulf oil route at risk if attacked

TEHRAN (Reuters) - The Revolutionary Guards said Iran would impose controls on shipping in the vital Gulf oil route if Iran was attacked and warned regional states of reprisals if they took part, a newspaper reported on Saturday.
..."Naturally every country under attack by an enemy uses all its capacity and opportunities to confront the enemy," Guards commander-in-chief Mohammad Ali Jafari told Jam-e Jam newspaper in some of the toughest language Iran has used so far.

Analysts say Iran may not match the firepower of U.S. forces but could still cause havoc in the region using unconventional tactics, such as deploying small craft to attack ships, or using allies in the area to strike at U.S. or Israeli interests.

"Regarding the main route for exiting energy, Iran will definitely act to impose control on the Persian Gulf and Strait of Hormuz," Jafari said of the Gulf waterway through which about two-fifths of all globally traded oil passes.

CG comment

The same people who argued that Iraq would be a cakewalk are now saying an Iran attack would be no big deal. Easy to warmonger when others will do the dying.

As the old saying goes "fool me once shame on you fool me twice shame on me"
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