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Iran Threatens to Cut Off Oil Exports to More US Countries

Mon 20 Feb 12 | 10:20 AM ET
Zaineb Al-assam, head of Middle East & North Africa forecasting at Exclusive Analysis, told CNBC, "if Iran was to block oil to Greece, Portugal and Italy it would be more damaging, even if Iran is threatening to do so we think it would be unlikely to go through with it, this is all about psychological pressure partly to produce a spike in the oil price."

 
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