hungryhorace

One thinks some days that Israel being removed from the face of the planet would make life in the Middle East a lot more peaceful.

Pulaski

A bit but not much. The various factions of muslims in the Middle East are quite busy killing each other in Iraq, Syria, Yemen, Egypt, and Libya, and occasionally in Iran and Saudi, without any assistance from Israel.

Jan Alaska

$3.17 thursday morning then $3.21 by the afternoon, back down to $3.19 by Saturday and $3.09 today.

Keeping the big truck topped up just waiting for the inevitable to happen

Pulaski

A giant asteroid?

Jan Alaska

You know it .. .could happen any day now

Michael

Even 2-5 years ago, I doubt Israel had the firepower to do much damage. Iran's nuclear facilities are all deep inside mountains and doubt that anything short of nuclear weapons would do much damage. Even US bunker bombs won't go more than a few feet into a mountain and when there are several hundred or possibly thousands of feet of mountain between the outside world and the facility, bombing won't be much more than a slight inconvenience.

We'd like to think that we have weapons that can target the entrance and get into the facility but that is more science fiction than fact. We may be able to damage the entrances but within a few days, it'll be back open.

scrubbedexpat099

A few mines in the Strait of Homuz would do it.

Pulaski

Oft talked about, but never done. It would be an act of war that would bring down the full wrath and fury of the US.
I was thinking more about attacking the technology and equipment before it was put deep underground.

scrubbedexpat099

That is OK then.

Michael

That was much longer than 5 year years ago. They started their nuclear program early in the Bush administration.

Then they would have had to have been intelligence as to where the equipment was and I doubt that Iran reported that in the newspapers.

Michael

WTI closed slightly above $78 and Brent slightly above $84 today.

The Euro is also down to $1.24.

SultanOfSwing

We still have at least one outlier. Ran home at lunch and the petrol station just outside of town is still at $3.29, while all the others I pass are at $2.97-$2.99.

hungryhorace

And the dollar is on a bull run by all accounts.

Pulaski

The euro, not so much!

Michael

The Japanese Yen has done far worse going from 80 Yen to the $ to 112 Yen to the $ or a 40% drop.

The Japanese consumer has only been seeing price increases at the pumps.