Atomic Bob's Stock Forum - The Golden Thread

Amirabdollahian made the comments in Saudi Arabia at a summit of the Organisation of Islamic Cooperation, called to discuss the Israel-Hamas war. The comments came as US President Joe Biden arrived in Tel Aviv in a bid to calm regional tensions and support Israel.

Oil traders are increasingly concerned that Israelâ€™s war on Hamas will spread and potentially draw in Iran and its allies such as Hezbollah in Lebanon.

Still, Israel is a small importer. And while other Middle Eastern energy producers, including Saudi Arabia and the United Arab Emirates, have criticized Israel for its strikes on Gaza, theyâ€™ve not talked of halting sales to it or any of its allies.

Brent crude extended gains, rising as much as 3.5% following the comments. It traded 2.6% higher at $92.30 a barrel as of 7:15 a.m. ET.

http://www.zerohedge.com/commodities/oil-surges-after-iran-calls-oil-embargo-against-israel

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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