- Prison Planet.com - http://www.prisonplanet.com -
Iran says oil would go over $250 if exports banned
Posted By admin On December 4, 2011 @ 3:35 pm In Featured Stories | Comments Disabled
Ramin Mostafavi and Robin Pomeroy
December 4, 2011
(Reuters) – Iran warned the West on Sunday any move to block its oil exports would more than double crude prices with devastating consequences on a fragile global economy.
“As soon as such an issue is raised seriously the oil price would soar to above $250 a barrel,” Foreign Ministry spokesman Ramin Mehmanparast said in a newspaper interview.
The comments come as Iran strives to contain international reaction to the storming of the British embassy last week, a move which drew immediate condemnation from around the world and may galvanize support for tougher action against Tehran.
Washington and EU countries were already discussing measures to restrict oil exports after the United Nations nuclear watchdog issued a report in November with what it said was evidence that Tehran had worked on designing an atom bomb.
Full story here. 
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/iran-says-oil-would-go-over-250-if-exports-banned.html
URLs in this post:
 Reuters: http://www.reuters.com/article/2011/12/04/us-iran-sanctions-oil-idUSTRE7B305L20111204
 US House passes Iran sanctions bill to slash oil exports: http://www.prisonplanet.com/us-house-passes-iran-sanctions-bill-to-slash-oil-exports.html
 UK expels Iran diplomats after embassy attack: http://www.prisonplanet.com/uk-expels-iran-diplomats-after-embassy-attack.html
 Iran threatens to stop oil exports, considers anti-Europe sanctions: http://www.prisonplanet.com/iran-threatens-to-stop-oil-exports-considers-anti-europe-sanctions.html
 Iran says happy to examine U.S. plot allegations: http://www.prisonplanet.com/iran-says-happy-to-examine-u-s-plot-allegations.html
 Iran military shoots down U.S. drone – state TV: http://www.prisonplanet.com/iran-military-shoots-down-u-s-drone-state-tv.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.