Feb 5, 2011

Current Threaten to Attack Suez Canal now

Bedouin tribesman has reportedly taken control of the two closest towns in the Sinai to the Gaza Strip and right next to the border with Israel.
This Bedouin tribes had besieged a police station in Suez and they may be attacked the gas tube also and it appears that these riots have spread without any Egyptian military stepping in here.
According to one report coming from Egypt , they are willing to attack the Suez Canal if Mubarak does not leave or they may have another agenda .
Suez Canal currently is where a third of the world’s oil and six percent of all products passes through. A seizure of the Canal could spike oil prices beyond the current $90 level, perhaps over $110. This could come to pass despite the fact that Egypt is not a major oil producer.

It has been speculated that the Egyptian army would not allow the Canal, perhaps Egypt’s most important economic element, to be attacked. However, there appears to be little to no protection and one report states that at least one ship has been attacked there. Others have reported fear of passing through due to the unrest.

Now we are sure that Bedouin planned to press on to attack the Suez Canal if Bedouin prisoners were not released (but we don’t trust this is the only reason )

If the Egyptian army was to attempt a defense of the Canal, they could likely succeed, even against heavily armed tribesmen. However, if the army is tied down in Alexandria and Cairo or have been ordered to stand down, then access to the Canal could be cut off as soon as tomorrow.

If there is a credible threat to the Suez Canal or actual stoppage by force, the 1956 invasion comes to mind. When Egyptian dictator Gamel Nasser nationalized the Canal, the combined forces of Britain, France, and Israel took it by force. It is possible that the United States or European powers would consider to retain control of this important waterway.
The most important question is: could they do that? The answer is yes they can at this time 

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