Iran Oil Targeted by Obama Sanctions

- 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.

Click here to read the full CNN Money report.

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