Attack on Iran could lead to $200 oil

Attack on Iran could lead to $200 oil


What has oil traders tossing and turning every night is the possibility of an attack on Iran and Tehran’s violent response, sending oil prices through the roof. Iran is the second-biggest oil producer in the Organization of Petroleum Exporting Countries. “The price will go up to $200,” Manouchehr Takin, Senior Petroleum Upstream Analyst with the Centre for Global Energy Studies (CGES) in London told New Europe, asked what would happen if there was military action against Teh...


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