Arab Countries Arming Themselves For Potential War With Iran

They’re freaking out:

just a few hundred miles from Tehran, the Arab countries of the Persian Gulf have launched a race to arm themselves with an urgency and intensity reminiscent of America’s defense build-up prior to its entry into World War II. The magnitude of the weapons purchases is nothing short of astounding and the speed at which they are accelerating is breathtaking. Consider how fast the orders are growing: Gulf nations, including Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Oman and Kuwait, bought $37 billion worth of U.S. weapons in the last four years, with the majority of the purchases coming in just the last two years

In my mind, a much more reliable short-term indicator of a potential war is the price of crude oil. It seems to be stable for now, so I wouldn’t build my bomb shelter just yet..