US Military Re-Surging In Persian Gulf As Turkey Scrambles Jets For Third Day And Iran Fires Medium-Range Missiles

Tuesday, July 3, 2012
By Paul Martin

by Tyler Durden

If one only looks at equity or FX futures this morning, one would completely ignore the real action in the last few hours which is all about crude, where Brent just passed back above $100 and WTI is up over $3 on the session. The reason is that the market’s ultra short term attention span has noticed the following piece from the NYT, which says nothing new, and which Zero Hedge readers have known for a while, yet as a regurgitation of an old theme, provides at least a “new” short-term catalyst: “The United States has quietly moved significant military reinforcements into the Persian Gulf to deter the Iranian military from any possible attempt to shut the Strait of Hormuz and to increase the number of fighter jets capable of striking deep into Iran if the standoff over its nuclear program escalates. The deployments are part of a long-planned effort to bolster the American military presence in the gulf region, in part to reassure Israel that in dealing with Iran, as one senior administration official put it last week, “When the president says there are other options on the table beyond negotiations, he means it.” Supposedly this is news, even though a month ago we observed the latest very much expected accumulation in the 5th Fleet in “And Meanwhile, In The Arabian Sea…”

The Rest…HERE

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