Iran economy minister says EU embargo to push up oil price-CNN
Iran's economy minister said oil prices will "certainly" rise if the European Union moves ahead with an embargo in July and that sanctions will backfire on those who impose them. The European Union is preparing for a total embargo on the purchase of Iranian crude oil in July. The United States has also imposed sanctions targeting Iran's energy and banking sectors. Iran's economy minister, Shamseddin Hosseini, was asked in an interview conducted Thursday and aired Sunday on CNN's "Fareed Zakaria GPS" whether oil prices would rise ...
Click
To Read Full Article