Why Iran oil cutoff could be suicidal
Iran's nuclear standoff with the United States, Europe, and other nations has led to considerable speculation of $100-per-barrel oil and $4-per-gallon gasoline in the US. Such high prices might kick off a worldwide energy crisis and recession.
The West already suspects that Iran's uranium enrichment program is a cover for bombmaking. To try to put a stop to it, the United Nations Security Council could impose sanctions, or even riskier, the US or Israel might attempt to knock out Iran's nuclear facilities with an air or missile strike.
( Full story here )
The West already suspects that Iran's uranium enrichment program is a cover for bombmaking. To try to put a stop to it, the United Nations Security Council could impose sanctions, or even riskier, the US or Israel might attempt to knock out Iran's nuclear facilities with an air or missile strike.
( Full story here )
posted by Oil Shock at 3/26/2006 05:51:00 PM
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