And if the next phase of talks fails, there could be another danger - an attack by Israel.
“It probably will escalate into a larger conflagration, and that could actually lead to a situation where the very existence of the Islamic Republic of Iran could be threatened,” Mark Fitzpatrick said.
But he says Israel will not likely attack as long as talks continue.
At the same time, the European Union’s oil embargo against Iran goes into full effect July 1. Leo Drollas says the embargo has already cut Iran’s oil revenues nearly in half, without causing an increase in the global price of oil.
“The world has more oil than it can handle at the moment," he said "That’s why the price of oil has come down quite heavily. And there’s no embargo in the world that’s oil tight, if you like, or water-tight.”
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2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25