15 June 2019 — Global Research
In Case of Conflict with Iran, Oil Prices could Double Overnight
It is known that the US has for long had a comprehensive and combined plan with Israel to attack Iranian targets with huge, non-nuclear, bunker-busting, 10 ton, GBU-43 air-blast bombs capable of destroying the deepest underground installations – these are the most powerful non-nuclear ordnance pieces ever produced – but first the Trump-Netanyahu war-plan needed a credible excuse.
It is also known that the Israeli military have been an integral part of that US plan to first cripple the Iranian economy with global oil sanctions and then to initiate an air and sea attack against the Iranian state and its people.
But first, a credible excuse was required. That excuse was orchestrated jointly by a belligerent Trump and Netanyahu, this week, when two oil tankers were structurally damaged by limpet mines, off the coast of Oman – subsequent to a similar action the previous week – and the sabotage immediately blamed by US Secretary of State, Michael Pompeo, without any evidence whatsoever, upon Iran. However, the state actor concerned was, almost certainly, not Iran but very probably the Israeli navy with its state-of-the-art, German-built, nuclear-armed submarines, covertly patrolling the deep waters of the Gulf.
Iran, of course, unlike Israel, has no nuclear weapons of mass destruction but does have a nuclear-power program and it is these non-military installations that the combined forces of the US and Israel are determined to destroy at any cost in order to further cripple Iran’s civil infrastructure in addition to enforcing a global ban on its oil so as to decimate its economy and to force, yet another, regime change.
The deliberate sabotaging of four shipping tankers in the Gulf and the too obvious accusations against Iran, indicate that US-Israeli plans for a combined attack against the Iranian state are now fairly imminent. And that fact should make the world take notice because such unwarranted and unprovoked aggression against a sovereign state could very easily escalate into a global conflict. These are very dangerous times, indeed, with an unpredictable and unstable US President determined to instigate a war in the Middle East with a committed partner who has long wanted to destroy Iran in its own bid for regional dominance.
If the conflict materialises and there is an attack against Iran by combined US-Israeli forces, then oil prices could double overnight with devastating global consequences upon all but America who is self-sufficient in oil. That would be reflected in stock-markets worldwide and could lead to a global economic recession in which Europe would suffer disproportionately.
Meanwhile, the United Kingdom government should carefully reconsider and recalibrate its response. Much of its future could depend upon it, and its rushed endorsement of unfounded US-Israeli accusations might well prove, in hindsight, to have been unwisely premature.
Hans Stehling (pen name) is an analyst based in the UK. He is a frequent contributor to Global Research.