Iran tensions boost oil prices

http://www.euronews.net/ Mounting tensions between Iran and the West are sparking concern over possible supply disruptions pushing the price of Brent crude oil above $113 a barrel on Friday.




Analyst expect more volatility after Iran threatened to shut the Strait of Hormuz, the world's most important oil route.




That was in response to tighter sanctions from the US and a possible ban on its crude exports to Europe.




"The supply risk regarding Iran is still boiling. On top of this, there is also supply risk from Nigeria," said Carsten Fritsch, analyst at Commerzbank.

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[iranwarcom]

hurry, buy oil stocks

[1359Mamali]

This is stupid, any sanction on Iran will back fire on America and EU. America and EU should be licking and kissing Iranian ass instead of trying to mess with them. Iran will rather give that 18% free to china.

[lcardinali64]

@lcardinali64

the answer is yes, rest of the world is suffering by a threat that benefits the victim

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[lcardinali64]

Hormuz blocade because EU sanction will never happen because Iran is gaining from without risking anithing. EU buy 18% of Iran's oil and by sanction price raise so we'll pay more the oil we need wherever we buy, that same oil we refuse Iran will sell to THE REST OF THE WORLD gaining the difference. EU cannot threat Iran with 18% of oil market so

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ARE WE STUPID