SUPER | DISCO | CHINO

Oil prices have been trending downwards since last May, when it became apparent the recovery in Europe and the US was running out of steam. The euro crisis, which re-ignited in July, pushed prices down further. Brent crude peaked at $126 last May before falling by a fifth to $100 in October.

Salehi’s warning to the US aircraft carrier USS John C Stennis not to come back seemed as if it was designed to further declare the strait and the Gulf as being under Iranian control, though there is little way for Tehran to enforce the warning without military action.

awesome—as if iran weren’t already happy enough stirring the pot, they now have financial incentive to do so! this is going to get interesting.