Oil to Hit $65 per Barrel if Iran Attacked, Economist Warns

Repercussions to global economy could be worse than those of the Iraq war.

1 minute read

February 6, 2005, 11:00 AM PST

"Mark Cliffe of investment bank ING claims that even if market responses in the build-up to the Iraq conflict are repeated, oil could surge to nearly $65 a barrel -- slicing almost 1% off global economic growth in the first year."

Thanks to Michael Dudley

FULL STORY: War in Iran 'would dent world economy'

Sunday, January 30, 2005 in This Is London

Government / Politics United States

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