Interesting.
Iranian troops go into Iraq, occupy a giant oil field. Then they leave. The price of oil predictably shoots up for much of the day in the U.S. before falling back, though it was still up 60 cents on the day.
Has ol’ Mahmoud Ahmadinejad become a canny manipulator of commodities markets? Or are his talents still limited to wearing strangely casual Western sport coats and cracking unbelievable rhetoric?
Or — perhaps even more sinister — has Goldman Sachs figured out a way to control battalions of Iranian troops? A-ha!
Quick, who knows if Lloyd Blankfein speaks Farsi?
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