Saturday, December 10, 2011

Who wins, who loses if Iran's oil is cut?

France and Great Britain want an outright embargo on importing oil from Iran though cash-strapped Greece might have serious objections, diplomats say.

Iran gets the bulk of its revenue from oil exports. Amid growing concerns about Iran's nuclear ambitions, Western allies are keen to pressure Iran to back from its perceived goal of a nuclear weapon.

Scenarios are mixed, with some analysts seeing a substantial spike in oil prices from an Iranian embargo while others see Tehran handicapped significantly without oil revenue
Copyright � UPI, 2011. All Rights Reserved.

read more

Source: http://www.albawaba.com/who-wins-who-loses-if-irans-oil-cut-404265

Christina Aguilera BBC Egypt Energy industry Sevilla Doctor Who

No comments:

Post a Comment