|
Earlier this year, European refineries stopped buying Iranian oil, and Iran's banks were blocked from doing business with much of the world. The U.S. and other Western nations say Iran is building a nuclear weapon, which Iran denies. Its leaders have threatened to block a key shipping channel out of the Persian Gulf if the sanctions continue, a move that could slow down or even halt shipments of about 20 percent of global oil supply. In other energy trading, heating oil was up 0.5 cent at $2.78 per gallon and gasoline futures rose 0.5 cent to $2.67 a gallon. Natural gas gained 1 cent to $2.88 per 1,000 cubic feet.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor