Earthquake Strikes Iran
ThinkstockThe U.S. Geological Survey is reporting a magnitude 6.3 earthquake about 89 kilometers southeast of the Iranian city of Bushehr, the site of that country’s main nuclear energy development effort. There is no other information available at the moment. An…
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The U.S. Geological Survey is reporting a magnitude 6.3 earthquake about 89 kilometers southeast of the Iranian city of Bushehr, the site of that country’s main nuclear energy development effort. There is no other information available at the moment.
An earthquake of this magnitude often causes serious damage in populated areas along with loss of life.
The quake struck at 11:52 UTC, just over two hours ago.
The crude oil market has not responded to the event yet, with Brent prices up only about 0.5%.
The USGS map notice is available here.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
