What happens to oil prices <free market> if Iran puts say 5,000 mines in the straight of homas?

The 5th Fleet will clear the Straights of mines. There are currently more than 6 Minesweepers in the Straights, and there are more in the gulf, as well as on the Indian Ocean side of the straights. They are equipped with SAMs, SSM's, torpedoes, and .50 cal nests, to protect themselves.





This is a non-issue.What happens to oil prices %26lt;free market%26gt; if Iran puts say 5,000 mines in the straight of homas?
The whole world would go mad and guess waht would happen next puff!!!!!!!What happens to oil prices %26lt;free market%26gt; if Iran puts say 5,000 mines in the straight of homas?
We would get oil from pipelines.





Iran is too chicken to try that.
Hot face Georgie
A supply shock.





I would expect prices to rise.
I'D BUY OIL FUTURES!
well for one the wall street speculators will be just giddy that the average American will be paying 8.00 dollars a gallon!
';straight of homas'; ... closeted homosexual, i'd say
youd have to be a complete idiot not to know the response to that.


and I think you mean hormus
Oil people make more money because the price will go up to about $7 a gallon. ~
They'd experience some difficulties exporting their own oil?
that's when the draft comes back and oil prices shoot through the roof. also iran doesnt have anything else they would starve.
US has made that clear: ';We will do everything to keep the Strait of Hormuz open.'; They mean it, too....
The last time they pulled that move we made artificial reefs of their navy.


I don't think they will try that again.


Oil is going to go up regardless of what happens.
FREE OIL
Don't worry. The British Navy is patrolling those waters and nothing will escape their technology. It's laughable to think Iranians could sail around unnoticed and sneak up other ships.
skyrocket