Tuesday 10 April 2012

Iran and the oil embargo

It would appear that the sanctions are rebounding on the West as much as they are hurting Iran
Iran has new markets for its oil despite sanctions


New customers for Iran's oil products; Iran's cut of oil exports to a few European countries, has depicted a gloomy picture for global markets with oil prices rising since Iran's decision. The decision came in retaliation for the EU's plan to place embargo on Iran's oil exports due to take effect on July 1..


No comments:

Post a Comment

Note: only a member of this blog may post a comment.