“Iran is going to make a political point.”
“It's only political factors that are now holding prices above $60. Iran, Nigeria and Venezuela are potentially affecting supply flow that is driving the rally and is still providing support.”
“It's very clear to Iran what they need to do. Iran at this point is one of just a few state sponsors of terrorists, and they are one that stands out above some of the others.”
“When we get to the point where Iran has to shut production, if they do, then we take it from there. We don't want to speculate.”
“The reason for the rise is the increase in the geo-political risk premium because of the situation in Iran.”
“The point is to enhance international pressure on Iran, to show just how isolated they are.”
“The market has been responding to the uncertain political situation -- Iran, Nigeria and intensifying military activity in Iraq .”
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