Iran Tensions Good News for Dollar?

The crisis in the Middle East and North Africa has raised fears over access to the Suez Canal.

The canal is important for transport of Asian goods to Europe and vice versa and with 50 huge ships a day passing through the canal, it carries 7.5 percent of total world trade a year.

On Tuesday two Iranian war ships sailed up the Suez Canal in a move that has angered Israel and raised fears that Tehran is planning to use the current crisis to flex its muscles in the region.

The language coming from Tehran does nothing to ease these fears as witnessed by comments from a leading general late on Tuesday.

“The Zionist regime (Israel) was shocked by the presence of Iran’s naval ships in the Suez Canal and this is the reason that the regime has made propaganda


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