Posts Tagged straight of hormuz
Iran oil ban to break EU faster than Euro?
Posted by TheRedPillGuide in News on March 21, 2012
It’s turmoil in the Arab world that’s now threatening a bigger blow to the global economy, than the crisis in the Eurozone. The IMF Chief Christine Lagarde has warned that escalation of the situation with Iran, for example, could drive oil prices above 160 dollars a barrell. Let’s now talk to RT’s Peter Oliver.