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FBN’s Rich Edson on the rising price of oil as Iran halts the shipment of oil to France and the U.K.
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Rick -- set on -- occurring gas problem -- goes well beyond our very own borders key word Iran is that right rich.
That's right -- political gamesmanship between the west and its allies and Iran the weapon of choice oil west were refuse to buy it from.
Iran to punish it for its nuclear program to retaliate.
Iranians -- refuse to sell it drive up the price to get ahead of the European Union oil embargo -- ran his halting shipments to Britain and France.
Along with reports of a -- threats to cut off more European countries the United States and others have tightened sanctions further isolating its central bank and economy.
And swift and international clearing house is preparing to make it even more difficult for Iranian companies to conduct global business.
And while this is an international confrontation one analyst says there are political risks here in the United States.
So you've got a White House that does not want to raise the price of oil but ultimately wants to bring Iran back.
From that nuclear brink there's only one way to do it it's not through pistachios it's not through -- it's through -- through oil.
And and so the -- the challenges are very are -- tough challenges for this president.
And all this while Washington and the oil market monitor Iran and Israel and the potential potential for a regional war --
