OSAKA -- Japanese oil industry experts warned Tuesday the country would be ill-prepared to deal with the impact an attack on Iran could have on the flow of Middle Eastern crude.
"The price of crude oil could spike at over $80 a barrel if Iran is the target of a military attack," said Tatsuya Yano, a Cosmo Oil Co. spokesman, speaking to reporters on the current state of the Japanese oil industry.
Yano disagreed with international oil experts who have warned the price per barrel could climb to $100.
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