Real Effect: Iran Nuclear Club and Oil Prices Update

Wednesday, April 12, 2006

Iran Nuclear Club and Oil Prices Update

"Denouncing Iran's successful enrichment of uranium as unacceptable to the international community, Secretary of State Conodoleezza Rice said Wednesday the U.N. Security Council must consider "strong steps" to induce Tehran to change course."

Just yesterday Real Effect reported the following -

"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."

The Real Effect
Sound familiar? Remember what else was said -

"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."

The price of gas just jumped $0.20 over here on the corner overnight.

Edited for appearance and labels on 5/4/2010.

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