Mart Resources Inc MAUXF

this perfect storm may well be in the works

[gibbonsj]

It looks like Iran is not going to comply with the key point in the nuclear negotiations which is the requirement to ship their stockpile out of the country.  If this causes sanctions to ratchet up and Iran uses the Yemen conflict to suit their end then they may well instruct their Yemen proxies to restrict Bab el Mondeb which is the narrow between the Red Sea and Gulf of Aden/Arabian Sea. This would backup the Saudi East West pipeline and flow of oil out of the Yanbu, Rabigh and Jeddah terminals on the Red Sea. The Straits of Hormuz choke point would not be impacted so oil can still be shipped through the Persian Gulf so long as Iran does not take direct action. Of course expansion of the Yemen conflict into Oman would give Iran a squeeze hold on both sides of the strait which would all but shut SA down. SA would see such a move as an act of war and respond accordingly.  The US is bound to protect the flow of oil and Israel would use the opportunity to do what they must do and all h would break loose.