December 13, 2011 | Quote

Oil at $150 Becomes Biggest Options Bet on Iran: Energy Markets

A European ban on Iran's exports still may not boost prices because the Islamic republic's remaining trading partners, including China and India, would have increased power to negotiate discounts, depriving the country of cash while leaving world supplies little changed, Mark Dubowitz, director of the Iran Energy Project at the Foundation for Defense of Democracies, a policy group in Washington that supports sanctions, said in a telephone interview last week.

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