Breitling Oil and Gas CEO gives commentary on Fox Business on Iran’s decision to cut oil shipments to the UK and France and its impact on oil prices in the US. This commentary discusses:
- Oil prices rose Monday after Iran cut exports to Britain and France, raising worries that higher gas prices may follow suit.
- Iran’s oil ministry said Sunday that it would stop exporting oil to French and British companies.
- The announcement came just days after Iran threatened to cut supplies to some European Union countries in retaliation for sanctions put in place by the EU and United States.