Wall street in jitters over Iran issue!

Today saw the Wall street take a loss as the jitters over the administration tough posture over the Iranian issue became all too evident. With the losses in Job being reported, the Wall street was already a bit 'shaken' but now with the Iran issue it has become all too 'Stirred' and the investors are not having much of it.
Normally a strong and resurgent Wall street would not get all that much affected by the idea of fresh tensions in the Middle East, but then again these are not normal times and they are anything but normal. With the United states already having made its feelings very clear as far as Iran is concerned, it is time for the investors to realise that reacting like this to every bit of news that comes out in the global arena is not gong to let the Wall street recover anytime soon!

Going up, going, Gone, Oil reaching for the 100$ !

The Oil scenario is not getting any brighter with the crude prices touching nearly 98$ and then settling at 97$. The middle east tension coupled with the Afghanistan blasts and the Yemen oil pipeline disaster is making the Oil shoot even higher.
At these current trends and with dropping crude inventories in the United states, the chances of Oil falling down seem slim, at the most one can expect the Crude prices to base the current rise at 95$.
The Pakistan tangle does not make things any brighter and the chances of a full blown war in the Middle east seem all the more likely as the bad news keeps getting worse. Lets not forget the Nukes in Pakistan. As things stand, people all over the world are jittery at the thought of these weapons falling into the wrong hands and the recent news of Militants capturing the border cities in Pakistan indicates that a showdown with the Pakistani military is imminent. Either way the tension factor in Pakistan and the middle east only seems to be going up and were that to happen, the Crude supplies would drop drastically. We all know what happens with the demand and supply song, with more demand and less supply the prices will surge up even further! It just is no longer possible to predict what will happen with the Crude prices as the entire Middle east geo politics keeps changing at the drop of the hat!