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It's On: Iran Closes Straits Of Hormuz, Oil Explodes
Zero Hedge ^ | 12/13/2011 | Tyler Durden

Posted on 12/13/2011 7:17:12 AM PST by JohnKinAK

It's on. Iran has just closed the Straits of Hormuz for military training as was expected yesterday, according to RanSquawk. Oil, and all other commodities, are outtahere.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: hormuz; iran; oil; rumors
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To: JohnKinAK

“Explodes”? Up 2.3%. Some explosion.


21 posted on 12/13/2011 7:39:31 AM PST by pabianice (")
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To: GonzoGOP; Genoa; maquiladora; Mariner

http://www.businessinsider.com/iran-just-closed-the-strait-of-hormuz-and-oil-prices-are-going-nuts-2011-12

Quote:

Adding another rumor to the pile, the Russian Newspaper VZGLYAD is said to have confirmed that Iran has closed the Strait of Hormuz “till further notice” for military excercise.


22 posted on 12/13/2011 7:39:45 AM PST by jhpigott (North Korea - The land of lousy options)
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To: coon2000

F’ them. They had a revolution, remember? They allowed the mullahs to take over the country and created an “Islamic Republic”, remember?

They got exactly what they wanted in 1979. So they can all go straight to hell.

Piss on all of them.

Better yet, why not just rain some ICBMs on their asses? Would suit me just fine.


23 posted on 12/13/2011 7:40:53 AM PST by Ernie Kaputnik ((It's a mad, mad, mad world.))
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To: LurkingSince'98
"...Obama closes in on his first under par golf outing since being in office"

I get the humor, but NFW Obama ever shoots under par. Trust me, the man shown below is NO ATHLETE.


24 posted on 12/13/2011 7:42:01 AM PST by Mich Patriot (I am not worried about the deficit. It is big enough to take care of itself. Ronald Reagan)
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To: hal ogen

Jimmy Carter Redux...

They’ll hold our whole country hostage instead of just 26 embassy employees.


25 posted on 12/13/2011 7:42:01 AM PST by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: Ernie Kaputnik

I’d say give Iran one hour to return our plane.

One minute late, nuke it.


26 posted on 12/13/2011 7:42:09 AM PST by Cringing Negativism Network ("FREE TRADERS": Self-loathing Americans)
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To: Oldeconomybuyer

Current Crude prices
Nymex Crude Future 100.25 2.48+ 2.54% 10:17
Dated Brent Spot 109.27 2.55+ 2.39% 10:27
Nymex Heating Oil Future 296.02 6.41 2.21% 10:16
Nymex RBOB Gasoline Future 263.74 7.38 2.88% 10:16


27 posted on 12/13/2011 7:42:34 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: Mich Patriot
I get the humor, but NFW Obama ever shoots under par. Trust me, the man shown below is NO ATHLETE.

Maybe in pole vaulting.
28 posted on 12/13/2011 7:45:22 AM PST by aruanan
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To: JohnKinAK

So they announce it, and close it for training purposes and everything happens as expected. What’s the prob;em? I would imagine there would be a problem, only if things did not go as expected.


29 posted on 12/13/2011 7:47:00 AM PST by stuartcr ("Everything happens as God wants it to...otherwise, things would be different.")
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To: aruanan
"Maybe in pole vaulting."

His role would be the BOX.

30 posted on 12/13/2011 7:47:05 AM PST by Mich Patriot (I am not worried about the deficit. It is big enough to take care of itself. Ronald Reagan)
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To: aruanan

Let’s leave 0bama’s sexual preferences out of the discussion please...


31 posted on 12/13/2011 7:47:19 AM PST by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: Mich Patriot

That photo is PROOF that he is a leftist. He is even throwing the ball LEFT HANDED!


32 posted on 12/13/2011 7:47:35 AM PST by RetiredArmy (The End of Days draws near. In this time, you should be drawing closer to the Lord Jesus Christ.)
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To: JohnKinAK

We reported on this threat yesterday, and most experts believed the boast wasn’t a credible possibility.

Bloomberg reports the Strait is wide open and it’s not yet known how the rumor originated.

This story is developing.

Dec. 13, 2011, 9:59 AM
http://www.businessinsider.com/iran-just-closed-the-strait-of-hormuz-and-oil-prices-are-going-nuts-2011-12


33 posted on 12/13/2011 8:13:20 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney

Silver and gold are already below where they were before this rumor got out.


34 posted on 12/13/2011 8:19:28 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: JohnKinAK

35 posted on 12/13/2011 8:21:15 AM PST by McGruff (Hold the House, retake the Senate.)
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To: JohnKinAK

Given modern missile technology the US navy is nothing more than a giant floating target. Iranian and military sources note that the linkage Sorouri made between the capture of the RQ-170 and the naval drill in the Strait of Hormuz was intended to inform Washington that Tehran in possession of the drone no longer fears the ability of the naval air carriers the US has deployed in the Persian Gulf to prevent its closure of the strategic waterway.

Not new: http://www.nytimes.com/2008/01/12/washington/12navy.html

There is a reason American military officers express grim concern over the tactics used by Iranian sailors last weekend: a classified, $250 million war game in which small, agile speedboats swarmed a naval convoy to inflict devastating damage on more powerful warships.
In the days since the encounter with five Iranian patrol boats in the Strait of Hormuz, American officers have acknowledged that they have been studying anew the lessons from a startling simulation conducted in August 2002. In that war game, the Blue Team navy, representing the United States, lost 16 major warships — an aircraft carrier, cruisers and amphibious vessels — when they were sunk to the bottom of the Persian Gulf in an attack that included swarming tactics by enemy speedboats.


36 posted on 12/13/2011 8:41:14 AM PST by FightThePower! (Fight the powers that be!)
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To: JohnKinAK

Iran closes Strait of Hormuz; U.S. Senate approves sodomy and bestiality.


37 posted on 12/13/2011 8:43:13 AM PST by ScottinVA (I miss America.)
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To: JohnKinAK

Does everyone love us yet, Obama?


38 posted on 12/13/2011 8:47:08 AM PST by sappy (criminaldems)
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To: Scotsman will be Free

Another today. Commander relieved of an air wing here in WA state.

It’s a purge.


39 posted on 12/13/2011 8:56:21 AM PST by RinaseaofDs (Does beheading qualify as 'breaking my back', in the Jeffersonian sense of the expression?)
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To: SENTINEL

Actually this is Ahmedinijad taking advantage of Obama’s weak posturing while begging for our drone back


Spot-On...The rookie has made us a laughing stock.They pulled the same type of stunt with the Embassy hostages in 1979 while carter was in office..they released the hostages when a real MAN took the helm..Ronald Reagan


40 posted on 12/13/2011 9:06:14 AM PST by AFret. ("Charlie don't surf ! ")
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