Iranian launched ballistic, oil backed to USD 147/barrel

by Supermaster    July 12, 2008

MidEast, 9/07

After almost a week before, the world oil price backed down USD 138,12/barrel boost up again to USD 147/barrel after Iranian launched about 13  ballistic missiles during military training. Iranian military joint exercise is responded to US military exercise in the gulf just few days ahead. Israel has been took out their joint military excercise in Mediterannean Sea in full capacity.

Iranian and Israel ballistic missiles have the same range of reaching. Russia stated that Iranian ballistic missile hasn’t ready to hit hard their neighbor such Israel and US interest in the mid east.

Iran has also produced 4,2 million barrel of oil per days which wil stop if the assault by US and Israel took place. And no doubt that the oil price will move to higher position.

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