Archive for July, 2008

Iran is manipulating the oil market

July 11, 2008

Iran buys oil stocks. Then they fire some missiles and oil price goes up. Then it comes up the launch was a fake but they already sold their stocks.

A senior US officer said Iran didn’t fire long-range missiles, as it had claimed on Wednesday. The photos were doctored. However, the Iranians aren’t stupid enough to publish a doctored picture, they did it on purpose to relieve the international pressure. It doesn’t matter to them whether their missiles can actually fly, as long as they can control the oil price. If Iran wants to attack Israel they have much better means: Hezbollah and Hamas.