Kilduff: Is Oil Heading To $200?
CNBC
10-Aug-2010
The most recent dot was news on Sunday that Iran inaugurated into service four new small submarines into its naval fleet,

whose design and purpose are to maneuver in the shallow waters off the
coast of Iran into the vital oil shipping lanes of the Strait of Hormuz,
through which 40% of the world's traded oil flows.

   

Make no mistake: these submarines are to be used to attack western shipping interests in the Strait, thereby shutting it down.

It is not well understood that the Strait is merely two, one-mile wide shipping lanes.

In
testimony before Congress, the U.S. military has acknowledged Iran's
ability to shut the Strait; however, with reassuring bravado, in the
same testimony and almost the same breath, the U.S. military asserted
its ability to "unblock" the Strait, as well.

An
attack is assumed to come as a response to an attack by the United
States and/or Israel or others on Iran's nuclear facilities, but other
attack... >>>

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