Energy traders acknowledge the return of the so-called Middle East risk premium -- $ 10 to $ 15 dollars a barrel . This is what happened in the second half of that year , when prices fell to below $ 40 . The price spike has been driven by fears that Iran will develop nuclear weapons and is trying to build an atomic bomb. The higher prices will hit the economies which are running current account deficits and are subject to the capital flight .
Energy traders acknowledge the return of the so-called Middle East risk premium -- $ 10 to $ 15 dollars a barrel . The price spike has been driven by fears that Iran will develop nuclear weapons and is trying to build an atomic bomb. The higher prices will hit the economies which are running current account deficits and are subject to the capital flight .