December 2, 2011 | Quote

EU Wimps Out on Oil Sanctions to Halt Iran’s Nuclear Drive: View

Iran has also sweetened the pot for India, giving refiners there far more generous payment options than those available from countries such as Saudi Arabia. Mark Dubowitz, an Iran expert with the Foundation for the Defense of Democracies told Bloomberg Businessweek that Iran might have to offer China discounts as large as 40 percent should Europe, Japan and South Korea forgo its crude.


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