October 26, 2012

Iran's Laughable Oil Threat

Tobin Harshaw, The Ticker

AP Photo

Facing yet more brutal sanctions and a tanking economy, the Islamic regime in Iran yesterday attempted a little pre-Halloween scare job on markets by threatening to shut off all its oil exports. “If you continue to add to the sanctions, we will stop our oil exports to the world,” Oil Minister Rostam Qasemi said at a news conference in Dubai. “The lack of Iranian oil in the market would drastically add to the price.”

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TAGGED: oil, Sanctions, Iran

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