Iran Oil Targeted by Obama Sanctions
Investing News Network - November 28th, 2011
CNN Money reported that President Obama’s efforts to isolate Iran may result in cutting off Iranian oil exports and cause a hike in crude prices.
CNN Money reported that President Obama’s efforts to isolate Iran may result in cutting off Iranian oil exports and cause a hike in crude prices.
As quoted in the market news:
Iran conducts its 2.2 million barrel-a-day oil export business through its central bank, using it as an intermediary between the national oil company and its oil customers.