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September 17, 2012 10:00 pm

Iran: Crude Should Hit $150 a Barrel

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Iranian tanker. Photo: wiki commons.

Reuters – Benchmark Brent crude prices rose to nearly $118 a barrel on Friday, stoking fears that surging energy costs could harm fragile economic growth. Days earlier, Saudi Oil Minister Ali al-Naimi said he was worried by high prices and the kingdom would take steps to moderate them.

Iranian oil officials say oil prices are still fairly low and deny there is any danger of current prices hampering growth.

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  • Johannes Friedl

    good to know that our petro dollars are helping the new Nazi successors to arm up to become the strongest military power not only in the closer region. Another catastrophic example of Western ostrich policy over decades, until it’s too late to do anything about it.