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Iran Fears and the Oil Price

Friday, 9 Mar 2012 | 2:00 PM ET

Kent Moors, director of energy policy research group at Duquesne University, told CNBC, "Iran shoots itself in the foot but the Persian culture has had an irritating habit for the past 3000 years that if you push them up into a corner they are likely to do the unpredictable thing, they are running out of economic and political options very quickly."