Obama: Iran conflict adds $20 to oil price

2012-03-23 17:30

Washington - Tension with Iran and "uncertainty" in the region is adding a $20 or $30 premium to oil prices, pushing up domestic gas prices in the United States, President Barack Obama said.

"The key thing that is driving higher gas prices is actually the world's oil markets and uncertainty about what's going on in Iran and the Middle East, and that's adding a $20 or $30 premium to oil prices," Obama said in an interview with the American Automobile Association.

  • thechristianpeter - 2012-03-23 20:10

    Now that the Iranian oil & gas contracts are being shifted to Iraq.....who exactly stands to gain from the "tension"....surprise surprise Halliburton and the usual gang of US opportunists.

      Fred - 2012-03-24 13:13

      The US has all of ONE oil contract in Iraq

  • Gregory - 2012-03-24 05:44

    Obama is a Idiot.

      DraganTrenk - 2012-03-25 17:37

      I tought that BUSH was dumbest sellout,but OBAMA is puppet that double USA debt just to save crooked Banks and financial manipulators.

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