Iranian Minister Predicts Oil Price Rise
Iranian Economy Minister Shamseddin Hosseini said international oil prices will rise under sanctions designed to persuade the Persian Gulf nation to abandon its nuclear program. Oil prices might go as high as $160 per barrel if the European Union goes ahead with a July 1 embargo, Hosseini told CNN’s “Fareed Zakaria GPS” in an interview scheduled to air tomorrow. Group of Eight nations gathered a summit at the U.S. presidential retreat at Camp David, Maryland, discussed containing Iran’s nuclear ambitions. “We must pay close attention when ...
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