Iran Nuclear Club and Oil Prices

Iran has joined "the nuclear club". So what does this mean for us?

The Real Effect
Bush will be forced to respond to the Iranian announcement by announcing that the 'world will not tolerate a nuclear Iran' and that the United Nations Security Council needs to increase pressure on Iran including sanctions in order to 'correct' their behavior.

There are several problems with this mentality:

1. Russia and China are willing to back up Iran in the Security Council and militarily. Therefore, if we pick a fight with Iran, we are also picking a fight with the east. This is the new cold war.
2. This will lead to an escalation of hostilities with Iran. I believe this will eventually lead to Iran 'guarding' the Straits of Hormuz from hostile western interests. This will spike oil costs (the leaders true intent) and justify western nation's invasion of Iran.

How do we know this? Because the administration including Donald Rumsfeld and Paul Wolfowitz among others has already stated as much in "Rebuilding America's Defenses" by the Project for the New American Century. In addition the World Tribune is reporting that the Illuminati run Council on Foreign Relations is being "told of U.S. plans for Iran strike".

Further, I believe oil and gasoline costs will continue to spike by 5-10% or 30-50% if the Straits are blocked over the next 2-3 months. This is happening already according to Reuters "U.S. crude futures rose 24 cents to $68.98 a barrel".



Edited for appearance and labels on 5/4/2010, 11/12/2010.