Two naval vessels collide, price of oil goes up.

Via Rational Review News Digest

Two US navy vessels, including a nuclear-powered submarine, collided in one of the Middle East's key oil routes today lightly injuring 15 sailors and causing oil prices to rise.

Two naval vessels collided and suffered damage and injuries to personnel. They happened to be in the strait of Hormuz.

However there was no disruption to shipping in the strait following the collision.

So if Ahmadinejad farts are you gonna raise the price again? I'm a firm believer in the free market. I'm just constantly amazed at what effects the market.