The Saudi’s will get some more crude out in the market to ease supply and demand late this summer and even more next summer.
And
Iran is claiming they will block the Straight of Hormuz to keep oil from coming from the Middle East if they are attacked by Israel or the US.

I wonder if President Tom knows that Prince Abdullah knows how to fly a fighter jet.

Giant Saudi Field is Key to Boosting Oil Output Sunday, June 29, 2008 by AP on Fox News
http://www.foxnews.com/story/0,2933,373452,00.html

Report: Iran to Hit Israel if Attacked, Control Oil Passageway Sunday, June 29, 2008 by AP on Fox
http://www.foxnews.com/story/0,2933,373422,00.html