Has Iran become bi-polar? One minute they're asking the U.S. to return to nuclear talks, the next they're warning the U.S. fifth fleet to leave the Persian Gulf. Then they're undertaking military exercises in the Strait of Hormuz. What's next? No one knows. And that's what's fueling gasoline prices higher.
Miami Herald article exclaims "Possible showdown with Iran sends oil prices soaring" and what can we expect next? The bi-polar leadership of Iran is so confused on how to look tough that they look weak and confused.
According to the article, "The possibility of a confrontation between the United States and Iran appeared to rise Tuesday after the Obama administration declared that it would disregard an Iranian warning against moving a U.S. aircraft carrier strike group into the oil-rich Persian Gulf. The potential for a crisis that could disrupt Gulf tanker traffic that carries some 40 percent of the world's seaborne oil sent international petroleum prices soaring more than $4 a barrel, a potential threat to the struggling U.S. and global economies."
So what do you think about the whole Iran situation, do you buy in to oil prices rising because of it?