Could Mideast War Affect Americans?
by admin on Jul.25, 2010, under America
A strike on Iranian nuclear weapons production facilities appears imminent and would be disastrous for world economies still struggling from the global financial crisis. One of the casualties could be the flow of oil be stopped through the Straits of Hormuz.
Iranian President Ahmadinejad has publicly threatened to close the Straits in retaliation for an Israeli or American airstrike. He has also warned America of terrorist attacks on US soil.
The Straits are the strategic entryway into the Persian Gulf where 40% of all oil flows. This would cause rising prices for gas at the pumps. For Americans this increase could seeing us paying up to $7 or $8 a gallon for gas.
The narrowest point of the Straits is only 21 miles wide.
Stay tuned as things continue to develop.
