With the media frenzy over the impending next rounds of the U.S. upping sanctions against Iranian oil, it might be good to take note that a strengthening U.S. dollar and rising prices have already begun reducing global demand growth.  I had warned about this a few months ago: Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?   So now the Middle East is starting to get nervous about a drop in demand from China