A year ago, Iran was being pressured by the UN and the Security Council to stop its nuke program.   As a sideshow distraction, trouble popped up in Lebanon - people died and the market struggled.  Now that a year has gone by and Iran is even closer to doing whatever they plan to do with the atom, we are right back to the same situation.  The UN is threatening to threaten again and … magic!! … Lebanon is once again dealing with terrorist groups.  Coincidence?  Maybe so.  On the other hand, it isn’t so tough to connect the dots.  And just to be fair, the US war games that started in the Persian Gulf over the past few days is probably not helping things.  For whatever reason, the Iran nuke issue heats up this time of year and along with it comes the risk to oil supply.  I was surprised to see the decline in oil today but if this Lebanon / Iran thing gets worse, it won’t head lower for long.