BREAKING iran threatens to close persian gulf

Today the People's Islamic Republic of Iran gave threat to close the Persian Gulf to oil tankers. This could send the price of petroleum products soaring as most of the Saudi oil goes through the Straights of Hormus. This is a most unfortunate development as it will cause much hardship.

Here is hoping that cooler heads will prevail and this issue can be resolved in a diplomatic fashion. Perhaps we should begin to stockpile supplies now.