What if Israel does attack Iran?

Posted by Matt in July 17th, 2008

What would happen to the world economy?
Quite simply the economic consequences of such a raid would be cataclysmic.

It isn’t just that Iran is the world’s second largest oil producer, with the third largest global reserves of oil and the second largest of natural gas. The truly significant part is where Iran actually is. Even assuming that Iran was militarily humbled, it would still be able to turn off almost the entire Middle Eastern oil tap, not just its own production.

Map for Jerusalem, Israel

[Countries link to CIA Factbook. States link to Wikipedia.]

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