Sunday, July 1, 2012

European oil embargo squeezes Iran

Iran threatens to block the Strait of Hormuz due to the oil embargo. Will this situation cause the oil price to rise again? Will Iran be able to sell its oil? Will Iran be left in peace if they soft pedal on their nuclear energy program? Geopolitical intricacies; oil price impact- what scenario will play out? What with Iran's changing of sea flags for its VLCCs and oil carrying vessels it remains to be seen how this will end. Any takers?

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