If you were worried about foreign oil before and production gouging by OPEC before, just wait until you hear who‘s the organization’s new president.
The Guardian is reporting that Rostam Ghasemi, who on Wednesday became Iran’s oil minister, is now the new head of OPEC. But not only is he from the U.S.-hating Iran, he’s also been sanctioned by the U.S., the E.U. and Australia and has his assets blacklisted.
