Khrushchev has a great quote, ”Berlin is the testicles of the West. When I want the West to scream, I squeeze on Berlin.”
It seems that Ahmadinejad realizes that the Straight of Hormuz is the new Berlin.
Twain was right…History doesn’t repeat itself, but does it rhyme.
This can only make crude oil futures more attractive for traders who monitor order flow as I don’t think that Ahmadinejad is going to take the pressure off any time soon.
