As both sides dig in for a protracted standoff, investors are snapping up oil contracts in case fighting breaks out in the heart of the one of the world’s biggest oil-producing regions.
Riot cops break up Nike crowd
ORLANDO, Fla. — More than 100 sheriff’s deputies in riot gear broke up an out-of-control crowd waiting outside a mall to buy a limited edition Nike basketball shoe.
Authorities say there were no injuries or arrests outside the Florida Mall late Thursday. The crowd began getting unruly as hundreds packed the parking lot, waiting to buy the $220, limited-edition shoe that was timed to be released during the NBA All-Star Game in Orlando.
The crowd was asked to wait across the street when the mall closed. But one person ran toward Foot Locker and others followed. Authorities formed a line and used shields to push back the crowd.
“I saw hundreds of people running toward me. I thought I was going to get trampled,” Amanda Charles, 20, told the newspaper. Charles drove more than two hours to buy the glow-in-the-dark Nikes.
Oil prices rising near 2011 highs
NEW YORK (AP) — Oil prices are approaching last year’s highs as tensions increase over Iran’s nuclear program. The rise pushed gasoline prices on Friday to a national average of $3.65 per gallon, the highest ever for this time of year.
Western nations fear Iran is building a nuclear weapon and have been trying to force it to open its facilities to inspection. Iran has refused, turning away international inspectors this week for the second time this month. The United Nations said Friday that Iran has responded to the recent scrutiny by speeding up production of higher-grade enriched uranium, feeding concerns that it is developing a bomb.
As both sides dig in for a protracted standoff, investors are snapping up oil contracts in case fighting breaks out in the heart of the one of the world’s biggest oil-producing regions.