Iran says sanctions means $200/barrel of oil

I believe this just to be more "crazy" talk from Iran , but is it actually possible? Does Iran influence the oil industry enough to make a move like that?


today.reuters.com...

Source

[edit on 3-8-2006 by opinionsarefree]

today.reuters.com...

As jittery as investors are these days about events in the ME and oil prices, Iran can definitely cause the prices to spike by using just words. Although I believe that $200/bbl is a little high without some type of military conflict, or some type of shipping "accident" or shipmnet blocking.

They are including Venezuela for the boycot, and with what is doing Israël and the backup of the US on this, other OPEC member could do the same, as Saudi Arabia. Anyway, when he'll truly to something he said, send me an email.