| Viewpoint | 13 February 2012 |
On Oil Embargos and the Myth of the Iranian Oil Weapon
Oxford Institute for Energy Studies
The exchange of threats between Iran and the West vis-à-vis Iranian oil exports to European and other consumer countries has received wide attention among policy makers and analysts; IMF officials predict that crude oil prices could increase by as much as 30 percent in case of a halt of Iran's exports to OECD countries, and if other sources don’t offset the loss of Iranian crude oil.
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