Oil above $143 this morning as the dollar weakens further and an Iranian general threatens to choke off the Strait of Hormuz:
In a report published Saturday in the conservative Jam-e-Jam newspaper, Gen. Mohammad Ali Jafari said that if Iran were provoked, it would also move to control a key oil passageway in the Gulf.
Iran is the world’s fourth-largest oil exporter and about 60 per cent of the world’s oil passes through the strategic Strait of Hormuz.
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