Oil prices spike 4% on Iran supply threats - WFMZ-TV Online
 

03-01-12 07:01 PM

However, in order for Iran to choke off the strait, its military would have to take on the U.S. Fifth Fleet, which is based in nearby Bahrain. Iran's military spending is equal to only 2.5% of its gross domestic product, according to the CIA. So it's not a ...

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