Detailed text transcripts for TV channel - FOXNEWS - 20120705:19:05:00
The iranians have long threatened missiles attacks but now they're threatening economic attacks. today they launched anti-ship missiles a thinly veiled threat that targets would be oil tankers, 20% of the world's oil goes through every single day there. united states has aircraft carriers in the region and mine sweepers and before the united states is provided military exports to oil tankers. this is something iran can really hold the world by because if they start attacking oil ships there in the straits of hormuz, the price of oil will skyrocket, probably not overnight but in a matter of hou...