07 Nov, 23

Iran’s Proposed Embargo Could Cause Chaos In Oil Markets

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Iran’s Supreme Leader, Ali Khamenei, last week called on the Islamic members of OPEC to halt oil exports to Israel immediately. Given that Israel buys virtually none of its oil from Islamic members of OPEC – purchasing mainly from Azerbaijan, the U.S., Brazil, Nigeria, and Angola instead – this would seem in and of itself a somewhat peculiar threat to make. But that is not the actual threat being made by Iran’s spiritual leader, with the full backing of the practical guardians of the 1979 Islamic Revolution – the Islamic…

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