BREAKING: Oil prices surge above $64/barrel as CNN reports that Israel has plans to attack Iranian nuclear facilities. pic.twitter.com/tcsqqJ6yNl
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Thank you Israel. No oil crisis without you.
“Once again, as in 1973, the attack represented a massive failure of intelligence and preparedness on Israel’s part. … The criticality of oil was subsequently demonstrated by the disruption of oil supplies to Europe during both the 1956 Suez crisis and the 1967 Six-Day War”
So now it only takes a rumor or threat to manipulate commodity pricing. Could it get anymore artificial?
Does Iran have nuclear facilities?