Oil rebounds on word Israel practiced Iran attack

[babylonsister]

Oil rebounds on word Israel practiced Iran attack
By JOHN WILEN Associated Press Writer


Jun 20th, 2008 | NEW YORK -- Oil futures rebounded Friday as Pentagon officials said a large scale Israeli military exercise in the Eastern Mediterranean early this month was intended in part as a demonstration of Jerusalem's ability to attack Iranian nuclear facilities.

At the pump, gas prices rose slightly.

Light, sweet crude for July delivery rose $3.08 to $135.01 a barrel on the New York Mercantile Exchange, recovering much of the ground lost Thursday after China announced it was raising fuel prices.

While Thursday's news from China reduced investor concerns about surging global demand for oil and fuel, Friday's news from Iran injected fresh supply worries into the market.

more...

http://www.salon.com/wires/ap/business/2008/06/20/D91DR09OG_oil_prices/index.html

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Israel shows abilities for Iran strike
By PAULINE JELINEK Associated Press Writer



Jun 20th, 2008 | WASHINGTON -- A large Israeli military exercise this month may have been aimed at showing Jerusalem's abilities to attack Iranian nuclear facilities.

In a substantial show of force, Israel sent warplanes and other aircraft on a major exercise in the Eastern Mediterranean early this month, Pentagon officials said Friday.

Israel's military refused to confirm or deny that the maneuvers were practice for a strike in Iran.

Russia's foreign minister Friday warned against the use of force on Iran, saying there is no proof it is trying to build nuclear weapons with a program that Tehran says is for generating power.

more...

http://www.salon.com/wires/ap/2008/06/20/D91DQF50H_us_israel_iran/index.html

[msongs]

1. would be nice to have a purge of the speculator parasite class nt