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USS Lincoln crosses Hormuz

USS Lincoln crosses Hormuz 14 February 2012
USS Abraham Lincoln goes thru the Strait of Hormuz.
A U.S. aircraft carrier strike group sailed through the Strait of Hormuz as Iranian navy boats sailed by.
Iran has threatened to close the Strait of Hormuz.



Iran cuts off oil exports to 6 EU nations

February 15, 2012 – TEHRAN — Iran’s Oil Ministry denied state media reports on the Islamic state stopping its crude exports to six European countries on Wednesday. “We deny this report … If such a decision is made, it will be announced by Iran’s Supreme National Security Council,” a spokesman for the ministry told Reuters. Iran’s English language Press TV had earlier said Tehran has stopped exporting oil to France, Portugal, Italy, Greece, Netherlands and Spain. Iran also announced it was making its own nuclear-fuel rods to power its reactors. The news means Iran’s nuclear program is more independent and self-contained than many western observers realized and that Iran’s nuclear program is here to stay. –National Post


Gas prices are highest ever for this time of year

NEW YORK (AP) — Gasoline prices have never been higher this time of the year.

At $3.53 a gallon, prices are already up 25 cents since Jan. 1. And experts say they could reach a record $4.25 a gallon by late April.

"You're going to see a lot more staycations this year," says Michael Lynch, president of Strategic Energy & Economic Research. "When the price gets anywhere near $4, you really see people react."

Already, W. Howard Coudle, a retired machinist from Crestwood, Mo., has seen his monthly gasoline bill rise to $80 from about $60 in December. The closest service station is selling regular for $3.39 per gallon, the highest he's ever seen.


Apparently, the "rumors" last week that Iran denied are true now...

Iran stops oil sales to British, French companies: oil ministry


TEHRAN (Reuters) - Iran has stopped selling crude to British and French companies, an oil ministry spokesman said, the ministry's website reported Sunday.

"Exporting crude to British and French companies has been stopped ... we will sell our oil to new customers," spokesman Alireza Nikzad said, the OMP website reported.

(Writing by Parisa Hafezi) Forum Index -> ISRAEL and MidEast NEWS
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