Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

JRLeft

(7,010 posts)
Tue Sep 3, 2013, 01:18 PM Sep 2013

Will you be caught in the economic crossfire from the pending Syria strike?

The Middle East is a dangerous place, and Worcester residents who live 5,500 miles away could get caught in the economic crossfire of a possible American strike on Syria without lifting a finger.

After recent evidence emerged that Syria is used chemical weapons against its citizens, the Obama administration has that it would launch a military strike against Syria. The New York Times reported that the strike might entail "one or two days of cruise missile strikes from at least four United States Navy Arleigh Burke-class destroyers in the Mediterranean Sea" rather than an open-ended campaign that would push Syria's Bashar al-Assad to negotiate a transfer to give up power.

>snip

The most important of these is Iran's ability to cut off the flow of Middle Eastern oil that we import through a waterway — the Strait of Hormuz. For example, Brent crude oil, up 1.5 percent in London on August 28 was near a six-month high of $116 a barrel, and closed the next day at $114.34. These higher crude oil prices will likely be passed on to you in the form of higher prices at the pump in the weeks and months ahead as the strategic moves of all the participants escalate.

But beyond a rising price of oil, there are other possibilities. The Washington Post reports that generals it interviewed believes that the Lebanese militant group Hezbollah — which supports Mr. Assad — could attack Israel. Moreover, those military officials expect cyberattacks on U.S. targets and infrastructure.

But there are longer term strategic consequences of the U.S. involvement in a military strike on Syria. Will Iran use a U.S. strike on Syria to launch a nuclear strike — assuming it has such weapons — on Israel? Would Russia join Iran in this attack? If so, would the U.S. respond by attacking Iran and Russia? Such strategic consequences could send the world economy into a dangerous tailspin.

http://www.telegram.com/article/20130902/COLUMN70/309029993

15 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
 

JRLeft

(7,010 posts)
8. I do not care what the market says wait until you see the results of the strikes. Government payouts
Tue Sep 3, 2013, 01:45 PM
Sep 2013

to defense contractors. Oil futures speculation rises. Followed by food prices and so on.

gordianot

(15,237 posts)
9. Now that the line for chemical weapons has been crossed the next logical line is nuclear weapons.
Tue Sep 3, 2013, 01:52 PM
Sep 2013

The great fear for war planners for decades has been the idea of a limited nuclear war whatever that is supposed to entail. All that has to be done much more short of a limited nuclear war is to disrupt the Gulf of Hormuz for even a few weeks. None of this looks good.

 

JRLeft

(7,010 posts)
10. I seriously doubt there will be a nuclear attack, but it is clear many interests want the strike to
Tue Sep 3, 2013, 01:59 PM
Sep 2013

happen.

gordianot

(15,237 posts)
12. It would not take a nuclear weapon from any recognized power in the reigon.
Tue Sep 3, 2013, 02:17 PM
Sep 2013

Over the years there is a considerable amount of nuclear material unaccounted for, or participation by a rouge State who likes to cause trouble. There is actually some indications that actual nuclear devices are unaccounted for from the old Soviet Union. More than a few analyst have stated it is just a matter of time.

I hope your doubts are correct.

Latest Discussions»General Discussion»Will you be caught in the...