Not long ago, a rise in tensions in the Middle East would send oil prices swiftly higher, even if no oil supply disruption occurred. Recently, tanker incidents have provided little spark to prices and have actually provided shorting opportunities.
Many articles written about Iran and Mid-East tensions have been repetitious accounts about the Strait of Hormuz, how 20 percent of the world’s oil supply flows through it every day, how it is only 21 miles wide at its narrowest, and how Iran has threatened to close it in revenge for the crippling sanctions on its