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The American Empire in a Changing World



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Sunday, December 4, 2011

''Iran says oil would go over $250 if exports banned''

from hurriyetdailynews.....

"Iran warned the West on Sunday any move to block its oil exports would more than double crude prices with devastating consequences on a fragile global economy. 

"As soon as such an issue is raised seriously the oil price would soar to above $250 a barrel," Foreign Ministry spokesman Ramin Mehmanparast said in a newspaper interview".........READ MORE 

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