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Aside for both sides playing their usual saber rattling game ...
Iran has offshore storage on supertankers some estimated 30 million to 50 million barrels of crude oil stored. Depending how they release this into the market they could crash the gulf crude oil prices.
This agreement (the nuclear limitations) is stalled in the Senate at the moment. Can you imagine a $1.50 per gallon gas price? Most of this Iranian oil is headed to European refineries.
I am beginning to believe we are being gamed. This may just be a bizarre oil price manipulation -- to what ends I am not sure ...
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