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Crude gains as Israeli-Iranian tensions heat up anew

Published 08/12/2012, 09:28 PM
Updated 08/12/2012, 09:29 PM
































Latest comments

Same 'all options on the table" bs. Reminds me of somebody getting ready to leap off a building. We need Mel Gibson to go up to the ledge, grab Bibi, and both jump off the building onto a Chucky Cheese Bouncehouse.
The Iran issue is not framed correctly here. Crude futures are trading higher, not due to fears that Iran is stepping up its nuclear program, but on fears that Israel is stepping up its plans to launch an attack. That Israeli media are reporting, based on unnamed intelligence sources, that Iran is further along with its nuclear weapons program than previously thought, is an indication of Israel's intentions, not Iran's.
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