Tension with Iran adding $20-30 to oil prices: Obama

Obama says 'uncertainty' in the region is pushing up domestic gas prices in the United States.

WASHINGTON:

Tension with Iran and “uncertainty” in the region is adding a $20 or $30 premium to oil prices, pushing up domestic gas prices in the United States, President Barack Obama said.

“The key thing that is driving higher gas prices is actually the world’s oil markets and uncertainty about what’s going on in Iran,” Obama said.

Published in The Express Tribune, March 24^th, 2012.