Middle East Economic Survey


No 49



Further Sanctions Will Lead To Global Oil Price Hike, Iranian MP Warns

Imposing further sanctions on the Iranian oil and gas sector is sure to cause a sharp price rise in world crude oil prices, a member of the Iranian Parliament said on 28 November. Majlis Energy Commission spokesman Emad Hosseini told Fars News Agency that placing sanctions on any one of the Islamic Republics energy industries would disrupt the global oil market...