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Iran, High Oil Prices, Firemen and Provocateurs
Steve LeVine, FP
Oil prices are going through the roof. As usual, we have actors tamping them down, and others pushing them up. All of it links with Iran, meaning there is no visible terminus.On the tamping-down team, Saudi Arabia has raised exports to 9 million barrels a day -- a 1.5 million-barrel-a-day hike -- to help curb an Iran-driven panic that has kept prices well over $100 a barrel, write Reuters' Jeff Mason and Matthew Robinson. U.S. Treasury Secretary Tim Geithner says the Obama Administration is keeping open the option of providing a jolt of oil to the U.S. market through the Strategic...
Oil prices are going through the roof. As usual, we have actors tamping them down, and others pushing them up. All of it links with Iran, meaning there is no visible terminus.On the tamping-down team, Saudi Arabia has raised exports to 9 million barrels a day -- a 1.5 million-barrel-a-day hike -- to help curb an Iran-driven panic that has kept prices well over $100 a barrel, write Reuters' Jeff Mason and Matthew Robinson. U.S. Treasury Secretary Tim Geithner says the Obama Administration is keeping open the option of providing a jolt of oil to the U.S. market through the Strategic...
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