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« A Caliphate of Toxic Assets | Main | Banks Are Not Mere Bystanders »

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If either Israel and/or the United States attack Iran, they can expect to suffer losses of between 20%-40% of their non-stealth aircraft and missiles at the hands of Iran’s air defenses, including Russian S-300s, Tor-M1s and Pantsyr-S1s, as well as losses of civilian and naval ships in the Straits of Hormuz due to supersonic anti-ship missiles. Meanwhile, the world can expect a barrel of crude oil to cost $200.

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