Description:  Oil prices spike to its highest level in nine months, following Iran’s announcement to halt oil exports to Britain and France.

Source: CNNMoney.com – video report

Date: 02/20/2012

Link:  http://money.cnn.com/video/news/2012/02/20/n_iran_oil_gas_prices.cnnmoney/

Questions for discussion:

• Why have oil prices risen?
• What is the impact of this change on the economy?