It was reported by Pravda.ru on Friday that barrel of oil has recently jumped up to $115 and that global markets are starting to "shiver."
The thinking is that while Syria does not affect the oil market directly, an attack on the transportation routes could be one factor that could spark a fuel apocalypse.
One example listed is quoted below:
According to Smith, in response to U.S. actions against Syria, Iran can close the Strait of Hormuz by sinking several cargo ships at its narrowest point. Such an act would immediately cut the volume of oil transportation by 20 percent. At the same time, the Egyptian Suez Canal will become highly dangerous to navigation too. Oil tankers will thus have to go around the Horn of Africa, increasing the length of the route by two weeks and significantly raising the cost of transportation.
The inevitable export of instability, the experts believes, will trigger a social conflict in Saudi Arabia. As a result, prices on gasoline will increase significantly. Smith predicts a rise in 75-100 percent during two or three months after any type of attack on Syria.
More at Pravda.ru
Other experts seem to agree that f the U.S. attacks Syria there could be serious ramifications via oil prices, as shown in the video below.
