Middle East Economic Survey

VOL. XLVIII

No 27

4-July-2005

Market Uncertainty Enhanced By Iranian Election Result, Says Eurasia

Mahmoud Ahmadinejads victory in the Iranian presidential election on 24 June adds bullish pressures to an overheated oil market, according to Antoine Halff, Director Global Energy at Eurasia Group, New York. In a note for clients, Iranian Hardliner Victory Gives Fodder To Energy Bulls, published on 27 June, he observes: While Ahmadinejad's inexperience in foreign affairs...