Wednesday, February 16, 2011

Israel tracking 2 Iranian warships heading toward Suez Canal

Israel is quite concerned that two Iranian warships are preparing to transit the Suez Canal en route to Syria.
Despite the recent turmoil in Egypt, authorities there managed to keep thecrucially important canal open. There were some worker protests at the canal, but that didn’t stop it from operating.
Israel says it is tracking the warships and has called their anticipated presence in the Mediterranean Sea a provocation. Which means that Israel possibly could intervene.
Concern about a confrontation has caused oil futures to skyrocket. The Suez Canal is a major conduit for the flow of oil from the Middle East.

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