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Europe fears of Iranian reaction to oil embargo: JP Morgan

Posted on 05 December 2011

The additional sanctions against Iran, which were adopted by the EU, can have a significant impact on the global oil prices, the analysts at the U.S. bank JP Morgan say.
“The main argument against such sanctions is that if they have a significant impact on Iranian finances, they could also have a significant impact on global oil prices, which would be unwelcome in the current fragile state of the global economy” JP Moragan’s analysts said in their weekly oil market report………………………………………..Full Article: Source


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