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Iran says oil would go over $250 if exports banned

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posted on Dec, 4 2011 @ 10:02 AM

(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.


If this were to happen it wouldn't be good for the working class people of the world. Things are bad enough as it is, I don't know about you but the price of everything else has gone up in Canada since the rising oil costs. Oddly enough when the oil prices drop, prices for other items such as food and living expenses keep rising.

War with Iran would make the rich people richer while us regular folk suffer. Even the upper middle class are starting to feel the crunch. Millionaires are unbecoming millionaires.

"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."

No one welcomes the sanctions? The West does!

These crooked politicians, bankers, and corporations know exactly what they're doing. They have many weapons in their arsenal including the media which is constantly trying to condition us with stories just like this.
edit on 4-12-2011 by Corruption Exposed because: (no reason given)

posted on Dec, 4 2011 @ 04:59 PM
250 per barrel? hmm..

I say lets do it. Get after it. Sanction up.

posted on Dec, 4 2011 @ 05:07 PM
Weren't israel and Iran suspected secretly co-conspiring “in nuclear attack ploy” to drive up the price of oil which by the way isrrael gets from iraq then sends to china to be refind and then the oil is shipped to the US because the US hasn't built a new refinery since the 70s

see what you get for your aid america...GOUGED

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

edit on 4-12-2011 by Danbones because: linky

posted on Dec, 5 2011 @ 12:49 PM
reply to post by Danbones

The whole market is rigged in every way possible

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