Wonder How Much Singapore “Owes” Them?
In a lot of ways, this is even more important than the Marshall Islands/US Hijacking turned out to be. While Singapore is a nonentity in Middle Eastern strategy and politics, the UAE got involved. The UAE’s a member of the GCC and the bloc around it led by the Saudis.
This could be the start of naval conflicts in the Persian Gulf ala the arse grab China, the West, and the nonaligned play with each other in the North Pacific. If not the Quasi War. And since the UAE could bring in the rest of the Gulf states it could turn very hot very quickly.
This should be just a footnote with the Marshall Islands seizure being more than enough, but Obama will not act meaningfully. The Gulf States just might, especially if Iran keeps pressing ahead at this pace.
Stay tuned, because we could be looking at another “Tanker War.”
Posted by Turtler
05/14/2015 at 10:45 PM
Am I just too much of a cynic, or is it beyond coincidence that this happens when crude is slowly recovering from a 25 year low point? Prior to this, oil was going for just under $60.
Ok, I just checked - $59.46, which is down from a little spike the day before to $61+. So it had little impact. Blast a couple tankers though, and we’re in a whole new ball game.Somehow, I’m not surprised. Especially given the relatively warm ties between Iran and Russia. And besides, Iran needs to export its’ oil too....
Posted by Turtler
05/15/2015 at 12:19 PM