Middle East Economic Survey


No 8


Iran Jitters Join Ranks Of Crude Price Drivers

Fears over worsening Iran-US relations became firmly established among the ranks of oil market drivers last week. The trigger was a report on 16 February of an explosion in Bushehr province, where Iran is nearing completion of a 1gw nuclear power plant, thought by Washington to be a cover for weapons technology acquisition. Iranian state TV initially said that an unidentified aircraft had...