Iran Tensions Pressure Oil Prices ; Escalating Dispute Worries Traders
The Record, Bergen County, NJ › March 29, 2007
Linked as:
Summary
NEW YORK Oil prices rose by more than $1 a barrel Wednesday amid increasing tensions between Iran and the West and declining inventories in the United States.
Though denied by the U.S. military, it was rumored that Iran fired a missile at an American ship in the Persian Gulf.See the full content of this document
Extract
Iran Tensions Pressure Oil Prices ; Escalating Dispute Worries Traders
Iran, one of the largest oil producers, lies on the Strait of Hormuz, through which much of the world's oil is transported. Traders worry that oil supplies could be disrupt...
See the full content of this document
Sponsored links
