Holy Shit! It's On: Iran Closes Straits Of Hormuz, Oil Explodes

[mamboni]

It's On: Iran Closes Straits Of Hormuz, Oil Explodes


http://www.zerohedge.com/sites/defau.../picture-5.jpg
Submitted by Tyler Durden on 12/13/2011 09:53 -0500



Iran has closed the Straits of Hormuz for military training as was expected yesterday, according to RanSquawk. Oil, and all other commodities, are outtahere.
http://www.zerohedge.com/sites/defau.../12/Hormuz.jpg
And entire commodity complex:
http://www.zerohedge.com/sites/defau...s%20hormuz.jpg
And for those curious about more, RanSquawk speculates that the source of the data is a report in the Tehran Times saying that Iran will hold War Games in which it would close the Straits. Unclear if this is what Ran referenced when they said the Straits were already closed.

TEHRAN - MP Parviz Sorouri of the Majlis National Security and
Foreign Policy Committee has said that Iran plans to practice its
ability to close the Strait of Hormuz, one of the world’s most
strategically important chokepoints, which accounts for about 30% of the
world’s seaborne oil shipments.

“Currently,
the Middle East region supplies 70 percent of the world’s energy needs,
(most of) which are transported through the Strait of Hormuz. We will
hold an exercise to close the Strait of Hormuz in the near future. If
the world wants to make the region insecure, we will make the world
insecure,” ISNA quoted Sorouri as saying on Tuesday.

[General of Darkness]

Good times.

http://home.trbailey.net/home/wp-con...12/dancing.gif

[Canadian-guerilla]

i'm sure the Pentagram has a few satellites watching the straits

[mamboni]

Good times.

http://home.trbailey.net/home/wp-con...12/dancing.gif

You certainly live up to your name.

If this brinkmanship continues, we will have a shooting war and we'll all be shitting a brick and praying, except maybe you General.

[vacuum]

http://finviz.com/fut_image.ashx?rel...93694858125000

[EE_]

Iran must chose between a bomb or survival: Israel
by Staff Writers
Jerusalem (AFP) Dec 12, 2011

A senior Israeli cabinet minister on Monday said Iran must be forced to face an existential question over its nuclear drive: choose between getting an atomic bomb, or survival.

"We believe that in order to stop the Iranian military nuclear project, the regime in Tehran should face a dilemma -- whether to have a bomb or to survive," Strategic Affairs Minister Moshe Yaalon told reporters in Jerusalem.

Yaalon said however it was for the international community, rather than Israel, to apply what he called an "achievable" policy.

"We prefer that the international community led by the United States will bring about this dilemma in order to convince the regime to give up its military nuclear programme," he said, stressing the need for political isolation and economic sanctions aimed at the banking and oil sectors.

Israel and much of the international community fear that Iran's nuclear programme masks a drive for a weapons capability.

Tehran denies any such ambition and says the programme is for peaceful civilian energy and medical purposes only.

"Our policy is very clear -- by one way or another, the military nuclear project in Iran should be stopped," Yaalon said, indicating it "might be 12 months, might be 24 months" until Iran was able to reach a military nuclear capability.

Israel has pushed Washington and the European Union for tough sanctions against Tehran, but has repeatedly warned it would not allow Iran to obtain nuclear weapons.

Yaalon, a member of Israeli Prime Minister Benjamin Netanyahu's inner circle of eight ministers, also reiterated the line that while a military option was still on the table, as "the last resort."

He declined to comment on what was behind a deadly explosion at a Iranian military base near Tehran last month, which a top Israeli intelligence official reportedly said was a site where ground-to-ground missiles were being developed.

"They had some blow to the missiles project in the last incident in which a missile site absorbed a significant blow -- especially regarding long-range missiles," Yaalon said.

Media reports have suggested the blast was part of a covert effort by the United States, Israel and other states to disable Iran's nuclear and missile programmes.

Last month, the UN's International Atomic Energy Agency said it had "credible" information Iran was carrying out "activities relevant to the development of a nuclear explosive device."

http://www.spacewar.com/reports/Iran...srael_999.html

[mamboni]

Israel can have 200+ illegal nuclear weapons in defiance of the international non-proliferation treaty and Iran cannot have just one, right?

[palani]

Khadafi gave up his nuke program. Maybe the Iranians learned from his experience?

[EE_]

I wouldn't blame Iran if they kept the strait closed until all sanctions are lifted.
Iran is under attack. Now would be a good time to flex their muscle and stick it to em!

[midnight rambler]

Now the splash on Drudge - http://news.yahoo.com/iran-army-decl...132115297.html