Saturday, June 21, 2008
Just wondering
Yesterday we had this in the news.
Israel carried out a large-scale military exercise in the Mediterranean earlier this month as a warning to Iran that it has the capacity to make an air strike on its nuclear facilities, Pentagon sources confirmed yesterday.At the same time in the marketplace.
More than 100 Israeli F-16s and F-15s flew more than 900 miles, roughly the distance from Israel to Iran's Natanz nuclear plant. They were accompanied by refuelling planes and helicopters for rescuing any downed crews.
The rise in oil prices has only added to the anxiety: crude oil for July delivery settled up $2.69, to $134.62 a barrel, on Friday.Just wondering how large a position the IDF has in the oil futures market?
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