After Iran's supreme leader threatened to disrupt global supplies if the West punishes Tehran over its nuclear program, oil prices have inched upwards. However, analysts feel that the market remains well-supplied and that there are signs global demand growth is weakening. The Iranian state supremo has said that the United States and its allies would be unable to secure oil shipments passing out of the Persian Gulf through the strategic Strait of Hormuz to the Indian Ocean.
06-Jun-06 
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