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IPFS News Link • Economy - International

Oil spike: a surmountable challenge?

7-18-2006 • Christian Science Monitor

If Iran were to pull out of the oil market, Standard & Poor's estimates that oil could jump to $90 a barrel, says Mr. Wyss. If Iran tries to close the Strait of Hormuz, he says, "you are talking $150 a barrel."

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Reported By Powell Gammill

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