RealNews

Iran war ‘could triple oil price’

World oil prices could triple if the West’s stand-off over Iran’s nuclear programme escalates into conflict, the Saudi Arabian government has warned. The Saudi ambassador to the US, Prince Turki Al-Faisal, said such an event could send prices spiralling from their current level of about $70 per barrel. Iran is the Opec cartel’s number two oil producer and analysts fear it could halt exports if the dispute worsens. Full Story

OODA Analyst

OODA Analyst

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