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From Asia Times –

By Kaveh L Afrasiabi

The Persian Gulf powder keg may soon explode if the current cycle of mounting tensions continues unabated. Two days ago, a minor incident involving a US refueling warship and an Indian fishing boat off the coast of the United Arab Emirates (UAE) resulted in one fatality and three wounded. That the fishermen insist they were fired on without a warning – contrary to the US navy’s assertion – gives us a prelude to more ominous developments on the horizon. It seems trigger-happy American sailors see gathering clouds of conflict and are taking preemptive measures that, in this particular case, made a small dent in otherwise amicable US-India relations. . . .

The resulting overcrowding of Persian Gulf waters with the US fleet is an invitation for similar incidents to this week’s fatal encounter. Accidental confrontations could easily escalate into something bigger in coming weeks and months, particularly if the US and Iran bump into each other.  . . .  (more)

http://atimes.com/atimes/Middle_East/NG19Ak03.html

NOTE: Asia Times has great info on financial news too – F.C.