The Saber is Rattling in the Straits of Hormuz with Iran
As I have saying for sometime, 2012, will be a pivotal year for the world in general. The European financial crisis still is very serious and could derail everything even if there is not war with Iran. The Iranian government seems to be trying do their best to provoke the USA and Israel especially in the Straits of Hormuz where much of the world's oil passes through. They have in the past, closed the straits and paid a heavy price for it.
Both sides seem to moving down the slippery slope to some sort of conflict. Both sides seem to know this, even though the public think it could never happen. Already, the USA has begun deploying the first of 9000 combat troops in Israel. Another aircraft carrier will also soon be arriving to conduct exercises with the Israeli Airforce under the name Juniper Stallion 2012. Iran has just finished its own bravado wargames in the Straits and have announced another big one in February. Both the US and UK have said that if the Straits of Hormuz is blocked, there will be war. Let's not forget the long simmering Iranian nuclear bomb development, which is estimates are correct, will give them their first nuke this year. Let's not forget the ever tightening economic sanctions, which will really kick in starting in March and become dire by July unless the situation change.
Iran has been blocking most of the contacts its public has with the outside world at their Internet cafe's. Now, anyone must show ID and register their information before they can get on the few sites Iran allows. In March, Iran will once again hold elections, or the facade of elections. The Green revolution could rise again.
Both sides have been prepping for conflict and now most of the pieces are nearly in place for a strike on Iran's nuclear facilities. Both sides have declared that certain conditions are NOT acceptable, so, it does force either to stand their ground or face looking like a paper tiger.
When something does happen, as consumers, expect your fuel to skyrocket to $5-6 a gallon. That is how a conflict so far away will impact you personally.