Air Strikes Against Iran Can Push the Price of Oil to $250 per Barrel
Nehad Ismail
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Posted 08.01.2012
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UK
Read More:
Iraqi Oil,
Al Qaeda,
Iran Nuclear Programme,
International Atomic Energy Agency,
Ayatollah Ali Khamenei,
China,
Iran,
Ahmadinejad,
Ali Akbar Salehi,
Strait of Hormuz,
Oil Supplies,
Russia,
Gulf Shipping Lanes Hezbollah,
Ali Larijani,
Air Strikes,
Iaea,
Libyan Oil,
UK News
Iran is the second largest oil producer in the Middle East and holds 10% of world reserves. Some oil analysts believe that supplies of oil are already tight due to South East Asian demand and strong demand in Europe and USA. Kuwait and Saudi Arabia are producing to maximum capacity and they cannot do a lot in the short term.




