Member of Iran Majlis (Parliament) National Security and Foreign Policy Committee Mohammad-Karim Abedi'Iran Invasion Will Triple Oil Price' -- Press TV
A senior Iranian lawmaker says Iran's geopolitical position ensures that the slightest act of aggression against the country will drive oil prices through the roof.
Member of the Majlis (Parliament) National Security and Foreign Policy Committee Mohammad-Karim Abedi said on Tuesday that Iran will be the one to take the final decision if it is militarily attacked and such an attack would increase oil prices by threefold.
Abedi's remarks follow November 6 remarks by Israeli President Shimon Peres, who threatened that an attack against Iran was becoming "more and more likely."
The United States and Israel have repeatedly threatened Tehran with an attack under the pretext that Iran's nuclear program may have a covert military aspect.
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My Comment: Prices will increase .... but not by 300%. But ... if Iran attacks oil facilities in Saudi Arabia/Kuwait/Iraq .... anything is then possible.