Thursday, 1 March 2012

Western sanctions tighten squeeze on Iran oil exports

WASHINGTON (Reuters) - Western trade sanctions against Iran are strangling its oil exports even before they go into effect, a U.S. advisory body has found, amid warnings that any shortages will only push up crude prices and strain a weak global economy.

Source: http://feeds.reuters.com/~r/reuters/worldNews/~3/ovu-W-aXNFE/us-iran-oil-idUSTRE8200DV20120301

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