KARABAKH WAR WOULD INCREASE OIL PRICE, ANALYSTS SAY
news.az
Sept 20 2011
Azerbaijan
A war between Azerbaijan and Armenia over Nagorno-Karabakh could
have far-reaching consequences, the Oxford Analytica consulting firm
has said.
If Russia, Turkey and Iran were to interfere in a war, the situation
could become far more dangerous and destructive than the Russo-Georgian
war in August 2008.
Oxford Analytica said in a statement that a resumption of conflict
would threaten the Baku-Ceyhan oil pipeline and other energy
transportation, leading to a spike in the oil price on world markets.
The war would also endanger the USA’s air corridor via Azerbaijan
used to supply the ISAF in Afghanistan. There is also a fear that
Russia would interfere in order to strengthen its position in the
region which would isolate Georgia.
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