How to Trade an Iranian Oil Crisis
Rhetoric and worry have surrounded Iran for the past week while the price of oil continues to rise. Though reports over the weekend indicate that new talks with Iran are in the works, it's too soon to minimize these tensions and their effects on world markets. As I recommended before the new year, it's best to remain long oil and oil stocks.
The latest International Atomic Energy Agency report on Iranian nuclear aspirations set the stage for this latest standoff between the West and Iran. In a controversial report last November, the IAEA for the first time wrote about a pattern of nuclear development that suggested military use -- a charge that the West has always suspected but the Iranians have always denied....438 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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