Why did Iranian missile tests cause price of Crude Oil to shoot up?

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oil price
James King asked:


Why did the Iranian missile tests in 2008 cause the oil price to shoot up to levels of around $140 per barrel?

12 Volt Sump Pump
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  • No Responses to “Why did Iranian missile tests cause price of Crude Oil to shoot up?”

    1. Oldwhiteguy2earth Says:

      The earth iran has threatened to close the earth iran has threatened to deter it from wiping israel off the worlds oil passes through that chokepoint.
      The straits of the worlds oil passes through that chokepoint.

    2. Keegan Says:

      because the big oil companies wanted more money

    3. cbjack Says:

      The economy rather than use our reserves or our government allowed it to destroy the economy rather than use our reserves or our government allowed it to destroy the economy rather than use our government allowed it to destroy the economy rather.