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Oil could hit $100 a barrel after Iran sanctions - Schroeder |
| Home | MOSCOW, June 19 (RIA Novosti) - Oil prices could jump to $100 per barrel if economic sanctions are imposed on Iran over its controversial nuclear programs, a former German chancellor said Monday. With current oil prices at a $68.5 per barrel, many experts fear that imposing sanctions on Iran, the no.2 producer in OPEC, might lead to the Islamic Republic suspending crude exports, which would force prices even higher. |