Some U.S. senators want to start an oil war with Iran

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http://money.cnn.com/2015/07/28/investing/iran-nuke-deal-oil-export-ban/

As Secretary of State John Kerry tried to sell the Iran nuclear deal to Congress Tuesday, some U.S. senators were ready to start an oil war with Iran.

Republican Senator Lisa Murkowski is sponsoring a bill to lift the ban on exporting American crude oil. Send U.S. oil abroad, she argues, so America can “compete against our foes in a way that doesn’t involve sending our troops in and boots on the ground.”

In other words, let the U.S. and Iran go head to head on the world oil market.

It’s a timely debate. At a Senate Banking Committee hearing Tuesday, she asked why the U.S. would lift sanctions on Iran so it can export its oil, yet keep a ban in place on American oil exports.

“We’re going to let Iran go out onto the global market and engage in sales of their oil, allowing them to amass…

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