According to the forecast of Deutsche Bank's chief energy analyst Adam Siming Ji, if international oil prices can maintain the current level, the global economy this year will be able to achieve growth target of 3% to 3.5%. If international oil prices to $ 125 a barrel, global economic growth will fall to 2.5 percent this year. If the surge in oil prices to $ 150 a barrel, the global economy will be catastrophic consequences.
No doubt that Iran will become the largest and most direct victims of the Western oil sanctions. Oil is Iran's economic lifeline. At present, Iran's oil-about 360 million barrels, exports about 2.6 million barrels. Oil exports accounted for up to 80 percent of Iran's total exports, half of government revenue from oil exports. The European Union announced a ban on Iranian oil exports of oil and refined oil imports from Iran, is bound to face enormous difficulties in the Iranian economy, and thereby suffer great losses.
Recently, Western countries, further escalation of the economic sanctions against Iran. EU 23 of its member States announced a ban on imports from Iran, the transshipment of oil and refined oil. However, the current world economy and energy, the overall pattern of the overall situation to see economic sanctions against Iran will suffer not only Iran, will also involve the global economy.
However, Western oil sanctions against Iran World steel pipe network editing , definitely not Iran, a country hit, but including the Western economies, including the global economy.
The U.S. economy will suffer greater losses due to sanctions against Iran. Over the years, due to the tense relations between the United States and Iran, the U.S. has been imposed on Iran, economic sanctions, the United States does not import oil from Iran. However, as the world's largest oil-importing countries, the U.S. economy can not escape the adverse effects of soaring world oil prices. Relevant data, due to high international oil prices, the United States last year for imported oil and refined oil costs more than $ 125 billion in 2010. Once the Western oil sanctions against Iran in international oil prices continue to rise, high oil prices have no doubt the U.S. economic recovery will constitute the new difficulties and lag the pace of recovery.
Experience debt crisis hit particularly badly EU's Iran oil sanctions the initiator of the current, but may also become the biggest victim of this move. The EU has been a major importer of Iranian oil imports currently account for about 20 percent of Iran's oil exports. Greece, about a third of oil imports from Iran, Italy and Spain's oil imports from Iran were also accounted for more than 10%. If the EU countries to stop imports from Iran, the oil supply shortage will have on them a difficult economic cause adverse effects. At the same time, international oil prices, resulting in turn add new difficulties they are struggling in the debt crisis of the European Economic In addition, once Iran on EU retaliatory measures such as stop imports of goods to the EU economy will cause a new blow.
Is the world's most important energy base in the Middle East, up to 17 million barrels of daily oil transport through the Holmes Strait amount World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor , accounting for about one fifth of world oil demand in Western countries should strive to avoid due to blindly sanctions against Iran to trigger a global economic disaster.
Western oil sanctions against Iran likely to lead to world oil prices continue to climb, which brought new difficulties to the global economic recovery. Just past 2011 year, oil prices continue to soar, the main reason is that some Middle East countries, especially due to the Libyan war led to the country's oil interrupt. Organization of Petroleum Exporting Countries (OPEC) statistics show that the annual average price of OPEC oil reached $ 107 a barrel last year, a record high, up about 14% than in 2008 before a record high. The IMF recently released a forecast, if the West recently announced that Iran's oil sanctions and other sanctions cause Iran to halt oil exports, the international oil price may rise by 20-30%.