I am amazed that so far there isn't much reaction. This isn't even on the CNN homepage. And oil prices, while up a little, are not reacting much. Yet.

Dante at PO.com says oil is up 3% in Europe, on shipping concerns.

there is a live chart on the right sidebar just above the site meter showing WTI front month crude, which is up $1.35 -or about 2% just before noon EST. Nat gas up 4% but I think that has more to do with refining arb than the hurricane - how much LNG do we get from Qatar? Not alot now but in 5 years, yes.

AP thinks Gonu is partly to blame:

Also on traders minds is the Indian Ocean's Tropical Cyclone Gonu, which is threatening the oil-rich Persian Gulf, Flynn said. The storm is also turning some traders' focus to the Atlantic hurricane season, which some forecasts have predicted will be active.

"We've got the bulk of the hurricane season ahead of us," Flynn said.

Word is starting to get out. Posted 12:08 pm

http://www.bloomberg.com/apps/news?pid=20602099&sid=a79exNcmifwE&refer=e...

Tropical Cyclone Gonu strengthened into a Category Four storm with 150 miles-per-hour winds in the Arabian Sea south of Pakistan and is forecast to head for Oman, the U.S. Navy said. The cyclone is moving northwest at 11 miles per hour on a path Navy forecasters expect will take it toward the Gulf of Oman, an important shipping lane for tankers carrying oil from the Gulf.

"Category Four storm...the U.S. Navy said"

Who'da thought that the Navy would have their "stealth" cyclone weapon working so quickly? Now, just got to learn how to aim it.

The Weather Channel has picked it up now, as well...

http://www.weather.com/newscenter/tropical/index.html?from=wxcenter_news

Franc (penguinzee)