(EnergyAsia, January 30 2012, Monday) — World crude prices could rise by as much as 30% from current levels of US$100-$110 a barrel if Iran halted its oil exports and by a “much larger” rate if the cornered Islamic regime blocked the strategic Strait of Hormuz in response to further tightening of US and EU…
IRAN: IMF says oil prices could rise as much as 30% on export stoppage, higher with threat to Strait of Hormuz
Posted on January 30, 2012 by EnergyAsia