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Posts tagged “oil chokepoints”

By Robert Rapier on Jan 4, 2012 with 22 responses

War Imminent in Straits of Hormuz? $200 a Barrel Oil?

Happy New Year everyone! I should be back on a regular posting schedule in about two weeks, and should have a new episode of R-Squared Energy TV up next week. For now, I offer the following timely guest post from OilPrice.com. ————————— War Imminent in Straits of Hormuz? $200 a Barrel Oil? The pieces and policies for potential conflict in the Persian Gulf are seemingly drawing inexorably together. Since 24 December the Iranian Navy has been holding its ten-day Velayat 90 naval exercises, covering an area in the Arabian Sea stretching from east of the Strait of Hormuz entrance to the Persian Gulf to the Gulf of Aden. The day the maneuvers opened Iranian Navy Commander Rear Admiral Habibollah Sayyari… Continue»