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G8, raising pressure on Iran, puts oil stocks on standby
Reuters – Leaders of the Group of Eight major economies raised the pressure on Iran on Saturday, signaling their readiness to tap into emergency oil stockpiles quickly this summer if tougher new sanctions on Tehran threaten to strain supplies. “We remain united in our grave concern over Iran’s nuclear program,” the G8 leaders said in a statement summing up the results of their meeting in Camp David in rural Maryland. Read Article
Tags: 2nd Great Depression, energy resources, Iran, Middle East, North America, politics