16.12.2011 - Iran oil embargo harms world market
An international research institute says the West's plans to impose an oil embargo on Iran will harm the world market. According to IHS Cambridge Energy Research Associate, the Western countries' plans to enforce sanctions on Iran's oil sector could drive up oil price and wreak havoc on the world market. According to the international institute, Iran's oil revenues will hit record of more than 100 billion dollars this year, and the result of any possible sanction is a higher profit for Tehran, because it will sell the oil to someone else...............................................Full Article: Source
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