The Killing of Soleimani Will Send Gas Prices Flying. Maybe.

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President Donald Trump's targeted assassination of Iran military commander Qassim Soleimani will have an immediate effect on gas prices due to a narrow but very important body of water. The Strait of Hormuz is the only passage from the Persian Gulf to the open sea and moves 20% of the world's crude oil along with a third of its liquid natural gas.
This important body of water is bordered to its South by the United Arab Emirates and, menacingly, Iran to its North.
Iran considers The Strait of Hormuz as one the country's most important strategic points with one former prime minister calling it "Iran's Jugular vein".
Iran acts as a potent presence in the region,at times stopping and seizing ships under a variety of pretexts to make its importance known and to flex it's muscles ( the seizure of two British ships in 2019 are just an example) There are concerns that Iran, if it wished, could close the Hormuz Strait leading to chaos to the world's financial markets. The US, which has a huge  fleet in the area stands ready to open the Strait through direct military confrontation. Suicide attacks by smaller "suicide" vessels would remain a major problem.
Now what I have written stands true as the links show. And these have been true for years should the worst happen and Iran does shut the Strait of Humez. But there is one big difference between the past and the present : Guess who is one of the world's largest producers of oil? That's right, The Land of the Free and the Home of the Brave,  that's right, America.
It will be important to watch the crude oil futures market to assess what to expect when it comes to fuel prices. Marketwatch.com is a good place to keep an eye on.
God bless our troops.

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