Iran to release UK sailors; oil prices drop

Submitted by Bill Weinberg on Thu, 04/05/2007 - 00:27.

Oil prices fell from $68.38 to $66.93 hours after Iran decided to free 15 UK naval personnel it holds captive, easing fears that the international dispute could escalate and disrupt crude supplies. (Forbes, April 4) Meanwhile, it was revealed that Robert Levinson, a US citizen who mysteriously disappeared on a business trip in Iran last month, is a former FBI agent. (AP, April 5)

See our last post on Iran.

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Iran to release UK sailors; oil prices drop

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