[Bahbah]

I have a question. Are we buying oil from Iran?

[A.Hun]

According to this site...no.

http://www.gravmag.com/oil.html#imports

[Mo1]

I don't think so

But China imports something like 15% of it's oil from Iran

I THINK another country that would get hurt would be North Korea ..

[Phsstpok]

I have a question. Are we buying oil from Iran?

No, but like money, oil is "fungible," meaning that once it's in the marketplace it moves around, and has affects, without regard to where it came from.

We don't buy anything from Iran, but if Iran's oil is taken out of the overall pool then those that do buy from them will be competing with us for the oil that is left and that will drive up the price. Thus we don't want Iran to start using their oil as a "tool of statecraft."