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Tag: Military Conflict

oil prices

OPEC: War With Iran Would Cause ‘Unlimited’ Oil Price Hike

The price of oil is bad now, but it could get much worse, according to OPEC Secretary-General Abdalla Salem el-Badri, if Iran became embroiled in a military conflict with the U.S. or Israel. If a war occurs, Badri says, there’s no telling how high oil prices might climb.

Posted on Jul 10, 2008 READ MORE

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