(Reuters) Timothy Gardner and Roberta Rampton - In the past few weeks, a combination of higher output from Saudi Arabia and economic troubles in China and Europe have pushed oil prices down 25%, putting the threat of sanctions back squarely on Iran. Lawmakers in Congress hope to finalize in July a new package of sanctions aimed at further crippling Iran's oil revenues after international talks in Moscow last week failed to convince Tehran to scale back its nuclear program.
2012-06-27 00:00:00Full ArticleBACK Visit the Daily Alert Archive