Iran V: Sanctions
Competition
AHC
March 16
64
, 2012 Figure V.14: Trends in Oil Prices World Prices Did Rise as a Result of Iran’s Recent Threats
But Crises, Weather, Speculation, and Economic Pressures Have Also Led to Massive Swings in the Past
Source: EIA, What Drives Oil Prices, January 21, ttp://www.eia.gov/finance/markets/spot_prices.cfm
Sanctions and Arms Deals As has been touched upon in Chapter III, arms sales are another way in which Iran and the US are competing in the Middle East. Although it can be argued that this is simply another form of military competition, the US and its allies make use of the Nuclear Non-Proliferation Treaty, the 64