If Iran decides to close the Strait of Hormuz, oil prices could spike to between $120 and $150 per barrel, potentially reaching as high as $200. The 2008 economic collapse was triggered when oil hit $130 per barrel, and the global economy, both Western and worldwide, is structured around a price of about $120 per barrel. Sustained prices above that level could cause the entire system to collapse, like a fragile house of cards. Such a move by Iran would deliver a devastating economic knockout pun
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If Iran decides to close the Strait of Hormuz, oil prices could spike to …
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Glenn Beck
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Storytelling, insight and compelling perspective on American culture and politics. Glenn Beck's quick wit, candid opinions and engaging personality have made this one of the most popular radio programs in America. | Glenn Beck
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