DEBKAfile Special Report December 4, 2011
Tehran latched onto US Defense Secretary Leon Panetta's warning Friday, Dec. 2 that an Israeli strike at Iran's nuclear facilities would cause unpredictable results. Sunday, Iran issued two threats: to hit back beyond its borders for a US drone which its military claimed to have shot down in the east, and to force oil prices to soar to $250 a barrel if an embargo is imposed on its oil exports – a hint at a Strait of Hormuz blockade.
DEBKAfile Exclusive Report March 4, 2011
Middle East intelligence chiefs believe the Libyan uprising exposed for the first time the cogs of the machinery manipulated by its wire-pullers to foment unrest. This revelation will color America's reputation in the region for many years to come.
3 articles tagged "oil prices" :