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(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 Article
Falling Oil Prices Put Iran over U.S. Sanctions Barrel
(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 Article
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