He also quotes famous analyst Pebo Escobar who has said if the Strait of Hormuz in the Persian Gulf is blocked due to a provocative move by the US, oil prices will jump to 500 dollars per barrel.
Publish Date: 1 May 2019 - 13:20
TEHRAN, May 01 (MNA) – Former US diplomat Michael Springmann says the announcement by the Trump administration that Japanese, Koreans, and Indians have to immediately end all their purchases of oil from Iran is driving prices up.