Instead of barring it, the West should impose a TAX on Iranian oil - Comment - Israel News | Haaretz Daily Newspaper
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    • 15.01.12 | 19:54 (IST)

    Barring the purchase of Iranian oil will decrease oil availability and thus increase oil prices. Instead, the West should impose a special tax on Iranian oil, say 5-10 dollars per barrel. The Iranians will be forced to discount their oil (absorb the tax) to make it sellable, so in effect the tax will be paid by Iranian treasury. Overall, the West will get extra income and Iran less. Iran will be forced to produce and sell even more oil. This will also lower world prices.

    from the article: Iran confirms receipt of U.S. letter warning against blockade of Strait of Hormuz
    First published 19:07 15.01.12 | Last updated 19:07 15.01.12
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