Will Iran’s Nuclear Standoff Cause A World Energy Crisis? (Part 1 of 2)

Middle East Economic Survey

VOL. XLIX

No 13

27-March-2006

Will Irans Nuclear Standoff Cause A World Energy Crisis? (Part 1 of 2)

By A F Alhajji

This article was written forMEES by A F Alhajji, George Patton Chair of Business and Economics at the College of Business Administration, Ohio Northern University. He can be reached ata-alhajji@onu.edu.* Part 2 will be published next week.

I. Introduction

Iran, a founding member of OPEC, is the fourth largest oil producer and exporter in the world and the…