In Iranian Oil Market, Timing Is Everything
Advisors whose clients invest in shipping or oil might want to keep an eye on the situation in Iran.
Iran May Ban Oil Exports to Europe Next Week
An Iranian official said that his country would debate a law in its parliament on Sunday that could cut off oil shipments to Europe as early as next week. If that happens China and Russia just might be the big winners.
Europe Approves Gradual Embargo on Iran's Oil
European governments have approved an embargo on Iranian oil to pressure that country to cease its nuclear program. However, they advocated a gradual phase-in of sanctions because of the toll the debt crisis is taking on the European economic situation.