PPRuNe Forums - View Single Post - Growing evidence that the downturn is upon us....
Old 8th Jul 2008, 13:49
  #1091 (permalink)  
scroggs
 
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Actually, B-N has a good point. Iran may have few friends, but it has a lot of oil, and it is able to disrupt the transportation of oil from Iraq, Kuwait, UAE and eastern Saudi Arabia by closing the Straits of Hormuz. If that didn't send the oil price through the roof, then nothing would!

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