West sets roadmap in case of Iran crisis

Dire straits?: Iran has threatened to close Hormuz gap in response to sanctions

related stories

By News Wires

 06 January 2012 21:46 GMT

Western powers this week readied a contingency plan to tap a record volume from emergency stockpiles to replace nearly all the Gulf oil that would be lost if Iran blocks the Strait of Hormuz, industry sources and diplomats said Friday.

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index