Brent At $126 As Israel Security Cabinet Votes 8 To 6 To Attack Iran

Tyler Durden's picture




 

Looking at the tranquil sea that is the S&P one may be forgiven to ignore the rapid intraday surge in Brent which was up over $3 in a few hours, approaching $126 once again. But why? After all the FOMC minutes were oh so very slightly hawkish, and not to mention that the Fed's scribe Hilsenrath told everyone at best the Fed would proceed with sterilized QE which would leave risk prices untouched. Maybe it has something to do with this. According to Israel's NRG, in a just completed cabinet vote, for the first time Netanyahu has gotten a majority (8 over 6) supporting an Iran attack. NRG also notes that at this point Israel has decided to not wait until the US elections in November before proceeding with sending crude to the stratosphere. From NRG (google translated): "Israeli political sources believe that Prime Minister Benjamin Netanyahu a majority Cabinet support Israeli military action against Iran without American approval....He announced that he would not hesitate to perform the operation without the approval of President Obama mentioned the precedent of the decision to attack the Iraqi reactor, Prime Minister Menachem Begin, and with the comments heard yesterday some cabinet ministers say privately that "It sounds like a speech preparation for attack." Political - Security Cabinet 14 ministers. According to estimates, at this stage tend to support Netanyahu and
Barak's approach eight ministers, and six against it
(including the traditional opponents octet: Moshe Ya'alon, Dan Meridor, Benny Begin and Eli Yishai).
" So... $4.00 gas is just around the corner. As is, probably, $5.00 gas. And $6.00 gas.

And from Richard Silverstein's blog:

Just when you thought it was safe to come out from your air raid shelter after Bibi returned from his U.S. foray to stoke up war fever, Maariv raises the temperature to a boiling point.  Ben Caspit reports (Hebrew) that the cabinet now has, for the first time, a majority (eight votes for, six votes against) favoring the measure.  This means that theoretically Bibi can begin an attack at any time.  Of course, it could mean something different: it could mean the cabinet has approved a strike at any point in future with Bibi determining the timing.  So it doesn’t necessarily mean the F-16s will fly tonight or tomorrow.  But it could:

 

Cabinet Majority Supports Iran Attack

 

The prime minister yesterday delivered one of the most combative and explicit speeches in the history of the Iran affair.  Several cabinet ministers said in private conversations that it sounded like a “speech preparing for war.”

 

Political sources judge that the prime minister has a majority in the cabinet which favors a military strike against Iran, even without American approval.  Yesterday, Netanyahu said he wouldn’t hesitate to attack Iran even without the approval of Pres. Obama…A senior official said Bibi believed it would be best not to wait for the November presidential elections because he didn’t trust the president to deal with the problem after the election.

So it appears that the dies is cast. Our ETA for the earliest possible offensive? Not before CVN-65 Enterprise reaches CVN 70 and CVN 74, sometime over the next 3-5 days. Of course, this is not a prediction of war. Just a logistical notice.

h/t Gregor Peter

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Fri, 03/16/2012 - 15:54 | 2263112 kito
kito's picture

it makes no sense for israel to piss off the soon to be re-elected president thanks to his already more than 50% of households receiving government assistance majority obama ..... israel is merely performing a war dance....they wait till after elections....................

Fri, 03/16/2012 - 15:58 | 2263143 Al Huxley
Al Huxley's picture

Fuck, read some of the harder-line Israeli friendly news sources - they view the president as on notice from Israel - 'do it our way or else'.  They don't give a fuck about the election, or his opinion.

Fri, 03/16/2012 - 16:02 | 2263162 kito
kito's picture

thats biting the hand that feeds them...

 

http://www.vaughns-1-pagers.com/politics/us-foreign-aid.htm

Fri, 03/16/2012 - 16:21 | 2263240 Arius
Fri, 03/16/2012 - 16:37 | 2263299 kito
kito's picture

israel has always served as a u.s. foothold in a region that allows us to maintain military and political influence for one purpose...oil....nothing else...absolutely nothing else....israels military strength would never be where it is today without the u.s. propping it up over the decades. we have always been israels number one military supplier...their air force is effective thanks to the joint military exercises that have taken place over the past 40 years....dont kid yourself....the u.s. feeds israel....

Fri, 03/16/2012 - 16:41 | 2263316 Arius
Arius's picture

not so sure about that .... but i get your point ...

Fri, 03/16/2012 - 17:11 | 2263396 bank guy in Brussels
bank guy in Brussels's picture

This indeed is the view of the most radical journalists on Israeli corruption, like Barry Chamish, who was nearly murdered inside Israel for his work.

Though the US and Israel both try to sell the theory that Israel is 'independent' ... it is more logical that the thugs running Israel are totally agents of the US oligarchs.

As one thinks about it, the 'Jewish lobby' theory is a little inadequate, the idea it is just some campaign contributions making Obama favouring World War III ... even with 40% of US billionaires being Jewish, the other 60% would not be going along with the Zionism thing if they weren't totally in favour of it as well.

According to the people like Chamish and many others, the deepest level of the scheme, is that the US oligarchs have formed a league with the atheist, non-believing, Zionist extremists ... with an ultimate goal of destroying the whole name and reputation of spiritual Judaism, something at which they are succeeding fairly well.

Before 1930, most Jews in the world were anti-Zionist and religious ... now the anti-Zionist Jews can barely get a voice. Though there are still many hundreds of thousands of Jews totally against the existence of Israel, their voices are stifled by corporate media.

Here is one of those voices, Rabbi Yisrael Dovid Weiss, video interview on Al Jazeera, how Zionism and Israel have created 'rivers of blood', in violation of Jewish religious faith:

http://www.aljazeera.com/programmes/talktojazeera/2012/03/20123108322166...

« "This is against the will of the Almighty and this is not what it means to be a Jew," says Jewish religious scholar Rabbi Yisroel Dovid Weiss, a spokesman for "Jews against Zionism", who believes that Israel as a state is not legitimate. He says that Zionism has created "rivers of blood" and he opposes the occupation of Palestine. »

Fri, 03/16/2012 - 17:11 | 2263398 Idiot Savant
Idiot Savant's picture

So what? Think they're afraid we're going to spank or ground them? Israel doesn't care about having our approval. Once the bombs start flying we have to back them up and they know it. No one in our government is going to throw Israel under the bus regardless of what they do. 

Fri, 03/16/2012 - 16:02 | 2263166 CompassionateFascist
CompassionateFascist's picture

Zion will time the war in such a way as to take down both Iran AND Obama, enabling election of 100% ZOGstooge Romney. I still say July-August.

Fri, 03/16/2012 - 16:12 | 2263201 kito
kito's picture

biting the hand that feeds them also applies to the locked in obama constituents who do not want the disappearance of their federal pensions, medicare, medicaid, disability, social security, food stamps, section 8, etc.........israel has no chance of bringing down obama...israel cannot overcome the mass of american citizen-ducks that need their bread.... come hell or high water 

Fri, 03/16/2012 - 17:19 | 2263435 CompassionateFascist
CompassionateFascist's picture

Unless Zero issues freegas cards, he's a one-termer.

Fri, 03/16/2012 - 17:35 | 2263490 WonderDawg
WonderDawg's picture

Or, Israel starts a war, oil prices skyrocket, the economy tanks (the markets crash), a national emergency is declared, martial law is enacted, and the elections are canceled.

Just a thought.

Fri, 03/16/2012 - 19:15 | 2263805 kito
kito's picture

not a chance he loses. his second term in written in stone........(not that a romney win makes any difference)...................find a household that lives on government assistance whose members will vote for a guy whose rhetoric (and only rhetoric) will be that of austerity?

Sat, 03/17/2012 - 10:22 | 2264747 Contra_Man
Contra_Man's picture

+1

Sat, 03/17/2012 - 19:18 | 2265874 The Heart
The Heart's picture

"it makes no sense for israel to piss off the soon to be re-elected president thanks to his already more than 50% of households receiving government assistance majority obama ..... israel is merely performing a war dance....they wait till after elections...................."

It really may not matter if they create more diversionary actions or not...spew more yellow jingoism in the matrix of zog-zio-media propaganda or not...the usurper will become a dictator before or after the election if the ships keep sailing in the globalistic direction they are going into...it really will not matter if it is under the circumstances of MORE instigated war for profit...or if it is because of another contrived Govt Sponsored False Flag Event to really scare up the sheeples into stampeding in to their respective corrals. The long slowly made plans point to the god money-totalitarianism world wide kill-bill any way about it. Many have been told time and time again.

Who holds the cards of fear and propaganda plays them well to control the mass-mind.

Dare to buck the system that has been mastered so well, just say NO!

Daytime listening:

http://www.youtube.com/watch?v=WINDtlPXmmE

Nighttime listening:

http://www.youtube.com/watch?v=PFzexbzIeiU

 

.

Fri, 03/16/2012 - 15:56 | 2263114 All Rise
All Rise's picture

I'm guessing the dollar will rally and the euro will slump when this happen. Gold should catch a bid even though the dollar rallies. Equities will probably go up, think of all those damaged Apple products that Iranians will need to replace in the post war era!

Fri, 03/16/2012 - 15:54 | 2263116 Piranhanoia
Piranhanoia's picture

Wow, Israel invites everyone to wipe their country off the map.  And it's going to affect the world oil supply.  Gives a hundred countries a good reason to wipe them out when they were only a pain in the ass to their neighbors.

Bye Yahoo.  Your people have weapons and know a psycho when they see one.  

Fri, 03/16/2012 - 15:58 | 2263139 NotApplicable
NotApplicable's picture

There will be nary a nation-state that will survive WWIII intact. Otherwise, why bother?

Fri, 03/16/2012 - 16:18 | 2263233 Rusticus
Rusticus's picture

Israel doesn't give a fuck about the price of oil, jews invented a free energy 2000 years ago.

It's called christianity, and on it's back they've rode right to the top.

Fri, 03/16/2012 - 17:54 | 2263570 alien-IQ
alien-IQ's picture

Actually, they don't give a fuck about oil prices because the US has guaranteed their oil supply in case of emergency (war). Even if it means cutting down our own supply and skyrocketing our prices:

"Under a 1975 Memorandum of Understanding (MOU) the USA guaranteed all Israel's oil needs in the event of a crisis. This Memorandum of Understanding is quietly renewed every five years. It commits U.S. taxpayers to maintain a strategic U.S. reserve for Israel, equivalent to $3 billion in 2002 dollars. Special legislation was enacted to exempt Israel from restrictions on oil exports from the USA. Moreover, the U.S. government agreed to divert oil from the USA, even if this causes domestic shortages. The U.S. government also guaranteed delivery of oil in U.S. tankers if commercial shippers become unable or unwilling to carry oil from the USA to Israel."

Don't that make you feel all warm and fuzzy?:-(

Fri, 03/16/2012 - 15:55 | 2263122 EBR MOD 0
EBR MOD 0's picture

where do you buy IDF stock? I am sure the turbines are ready to move to start sequence.....

Fri, 03/16/2012 - 15:56 | 2263129 zilverreiger
zilverreiger's picture

somebody stone these jewish nutcases before they ruin themselves and the wider area

Fri, 03/16/2012 - 16:00 | 2263154 brian0918
brian0918's picture

The true nutcase is he who believes if we just make it clear to Iran that we pose absolutely no threat to them, they will leave us alone.

Fri, 03/16/2012 - 16:04 | 2263174 CompassionateFascist
CompassionateFascist's picture

Ayn Rand, warmonger? I don't believe it. Still, a Jewess by any other name.

Fri, 03/16/2012 - 21:33 | 2264114 CrockettAlmanac.com
CrockettAlmanac.com's picture

Ayn Rand was pro-Israeli and anti-Arab/Persian. It was one case where she failed to check her own premises.

Fri, 03/16/2012 - 17:50 | 2263557 alien-IQ
alien-IQ's picture

What was the last county Iran attacked and when was that?

Fri, 03/16/2012 - 18:00 | 2263587 Dermasolarapate...
Dermasolarapaterraphatrima's picture

They had too much Manischewitz wine last night. Wait until they sober up to what they have done.

Fri, 03/16/2012 - 18:13 | 2263621 alien-IQ
alien-IQ's picture

Manischewitz = Kosher MD 20-20.

Absolutely disgusting.

Fri, 03/16/2012 - 20:06 | 2263914 Moe Howard
Moe Howard's picture

It makes you yearn for fluoridated water.

Fri, 03/16/2012 - 21:34 | 2264117 CrockettAlmanac.com
CrockettAlmanac.com's picture

Ever try Night Train Express?

Fri, 03/16/2012 - 15:57 | 2263133 Marge N. Callz
Marge N. Callz's picture

iScared

Fri, 03/16/2012 - 16:37 | 2263297 knukles
knukles's picture

iThinkishitmypants

Fri, 03/16/2012 - 15:58 | 2263138 the not so migh...
the not so mighty maximiza's picture

Never ask a Gentile to do a Jews job.

Fri, 03/16/2012 - 16:48 | 2263334 mayhem_korner
mayhem_korner's picture

 

 

There is no longer Jew or Gentile (Galatians 3:28)

Fri, 03/16/2012 - 16:55 | 2263354 the not so migh...
the not so mighty maximiza's picture

Quoting the New Testament,,, how novel.

 

Fri, 03/16/2012 - 17:05 | 2263379 GeneMarchbanks
GeneMarchbanks's picture

We haven't found a universal ethic yet. Tribal rules still apply, sadly. He's correct to point this out NT or no.

Fri, 03/16/2012 - 17:12 | 2263401 Dr. Acula
Dr. Acula's picture

What about argumentation ethics?

Fri, 03/16/2012 - 20:27 | 2263970 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Ultimate Jewish Dilemmas: 

"Should we attack Iran?"

"Pork for free!"

Fri, 03/16/2012 - 15:58 | 2263140 debtor of last ...
debtor of last resort's picture

I'd say, no nuclear plant undergound, just Foxconn-2. Bullish for AAPL.

Fri, 03/16/2012 - 15:58 | 2263142 thursday0451
thursday0451's picture

Breaking the news to everyone I know... hope they all got some extra food and gas...

Fri, 03/16/2012 - 16:00 | 2263144 Comay Mierda
Comay Mierda's picture

there is something fishy with all this.  why have they been telegraphing their punch?  the art of war is all about the element of surprise.  sounds more to me that they are acclimating the public to another boogeyman (ahmedinijad) now that bin laden has died at least two times.  and just like they pinned a false flag attack on bush's family friend and former CIA agent, they will pin another false flag attack on the new boogeyman to justify yet another invasion.

Fri, 03/16/2012 - 16:09 | 2263192 Azwethinkweiz
Azwethinkweiz's picture

Every American with a tongue and the bravery to speak out against our new America are the new bogeymen.

War is business. Hope you are all prepared---mentally and physically.

Fri, 03/16/2012 - 16:27 | 2263263 xtop23
xtop23's picture

Financially - The other two mean dick if your family is starving 

Fri, 03/16/2012 - 16:28 | 2263269 BORT
BORT's picture

We need a vial of WMD.  Get Colin on the horn

Fri, 03/16/2012 - 16:31 | 2263284 The 100 Trillio...
The 100 Trillion Dollar Man's picture

Either

 

  1. One of the 6 dissenters leaked it
  2. US intelligence leaked it
  3. It's completely fabricated 
Fri, 03/16/2012 - 17:47 | 2263548 alien-IQ
alien-IQ's picture

confusion is just as useful as surprise.

If in Iran they thought "why would they telegraph this...they must be bluffing"...wouldn't an actual attack come as a surprise?

If you are a known liar, nobody will believe you when you tell the truth...therefore the truth becomes your weapon of mass distraction.

Fri, 03/16/2012 - 20:48 | 2264012 TheFourthStooge-ing
TheFourthStooge-ing's picture

alien-IQ said:

If you are a known liar, nobody will believe you when you tell the truth...therefore the truth becomes your weapon of mass distraction.

Don't go giving any ideas to Goldman Sachs.

 

Fri, 03/16/2012 - 16:00 | 2263146 markalpha
markalpha's picture

Paying around 4.50 in Los Angeles. I have to input my credit card twice since the limit is at the pump is 75.00 and it cost 100.00 to fill up

 

Fri, 03/16/2012 - 16:16 | 2263220 streetcrawler
streetcrawler's picture

But you still look really cool in that Escalade.

Fri, 03/16/2012 - 16:38 | 2263303 knukles
knukles's picture

My SUV runs just fucking fine on ME oil, thank you.

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