Iran warns of $200 oil if US pursues sanctions
Source: Washington Post
CARACAS, Venezuela (Reuters) - Global oil prices could hit $200 per barrel if the United States pursues sanctions against Iran for its nuclear development program, an Iranian official told Venezuelan state TV on Thursday.
Iran's Foreign Relations Vice Minister Manuchehr Mohammadi said, "The first consequence of these sanctions would be an increase in the price of oil to around $200 per barrel."
