Iran, oil, Europe pose risk to U.S. economy - Treasury SecretaryApril 5, 2012 - 18:28 AMT PanARMENIAN.Net - U.S. Treasury Secretary Timothy Geithner has warned against the adverse consequences of tensions with Iran and high oil prices, saying they pose “the biggest threats” to U.S. economy, Press TV reported citing Reuters.“You have, obviously, the fear of Iran and oil prices, even though that is not hurting the economy today, people can still feel that in their pocketbook today,” he said. Geithner also identified the fallout from the European debt crisis as another risk factor for the reeling U.S. economy, noting “Europe is still facing a very difficult, very challenging period. They are likely to have weak growth.” Oil prices have shot up in recent months in the wake of Iran’s decision to halt its crude sales to certain European countries in response to the European Union (EU) oil embargo on Tehran. The rise in crude prices has slowed down the U.S. recovery from its worst economic downturn in decades. Rising gas prices in the U.S. are one of the biggest worries that could derail the U.S. economic recovery. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. |