EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on leaving the office to report, film or take pictures in Tehran. Iranian President Mahmoud Ahmadinejad walks in parliament in Tehran, November 1, 2011. Iran's parliament is threatening to impeach two of Ahmadinejad's ministers, in a new wave of pressure against the president who is under attack from lawmakers. REUTERS/Raheb Homavandi (IRAN - Tags: POLITICS BUSINESS CRIME LAW)
Published Dec 31, 2011
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Iran's oil minister said crude prices will rise to more than $200 per barrel if foreign sanctions are imposed on the country's oil exports over its disputed nuclear work, the Aseman weekly reported on Saturday.
“Undoubtedly the price of crude will increase dramatically if sanctions are imposed on our oil ... It will reach at least over $200 per barrel,” Oil Minister Rostam Qasemi told the weekly. - Reuters
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