250 per barrel? hmm..
I say lets do it. Get after it. Sanction up.
(Reuters) - Iran warned the West on Sunday any move to block its oil exports would more than double crude prices with devastating consequences on a fragile global economy.
"As soon as such an issue is raised seriously the oil price would soar to above $250 a barrel," Foreign Ministry spokesman Ramin Mehmanparast said in a newspaper interview.
The comments come as Iran strives to contain international reaction to the storming of the British embassy last week, a move which drew immediate condemnation from around the world and may galvanize support for tougher action against Tehran.
Source
"No one welcomes the sanctions, we know that sanctions create obstacles, but we want to say we will overcome these obstacles," Mehmanparast told Sharq daily.
"Imposing sanctions on oil and gas is among the sanctions that, if one wants to do that, the consequences should be fully considered before taking any action," Mehmanparast said.
"I do not think the situation in the world and especially in the West today is prepared enough to raise such discussions."
As the news fills with stories about Israel’s plan to attack nuclear weapons facilities in Iran, real or imagined, an October 27 story in Veterans Today, Iran and Israel Caught – Partnering in Nuclear Attack Ploy, laid bare their war plans based on a series of highly placed leaks