Libyan dictator Muammar al-Gaddafi wants to stay in power, and is apparently in it for the long haul:Israeli Foreign Minister Avigdor Lieberman is threatening Iran over the Iranian Navy's intention to pass two corvette vessels through the Suez Canal, so that they might train this year with the Syrian Navy:
The Israeli Navy frequently uses the canal for its own naval vessels. So do we. Iran, Israel and the USA all have the right to transit their vessels through Suez. Last year, the Israelis sent a submarine, armed with nuclear warhead cruise missiles through the canal, enroute to the Straits of Hormuz area, off the Iranian coast.
There is some concern in the international community that the Israelis may take military action against the Iranian vessels.
Gaddafi's country, Libya, is an important fuel producing area. The disruptions there will have an impact on American and world oil prices. We will see $4.00 per gallon at the pump again, probably within weeks.
Should the Israelis attack the Iranian vessels, we will se $7.00 per gallon fuel prices.
Or higher.
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