NEW YORK: Oilsurged to almost$120 a barrel andthe safe-havenSwiss franc hit arecord high onThursday on fearsturmoil in Libyacould spread, butgold eased on talkthat Saudi Arabiacould boost itscrude output.
DAMASCUS, Feb 24: A witness saidtwo Iranian warships docked in Syriaon Thursday, completing a voyagethat has raised tensions with Israelduring a time of upheaval in theMiddle East.
A Fragile Supply Chain …….
In1984, Iran threatened to close the Strait of
Hormuz after repeated attacks by Iraq
disrupted Iranian shipping.
In1997, Iran once again threatened to close
the strait if the US attempted to interfere withIranian disputes with other Persian Gulf