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Transcripts For CNNW Erin Burnett OutFront 20120224

talking a toll. gas prices overnight jumped 3.3 cents a gallon. on fears iranian oil, which is the world s fourth biggest stash of crude, could be disrunted. if they made good on their promise to halt the crude, it would hurt consumers around the world. jim beonco said it would send the united states into another recession with gas prices possibly hitting $4.75 a gallon. the move would also devastate iran. sources tell us 80% of that nation s economy is linked to oil and natural gas. will iran do this, will it come to this? mayor rudy jewgiuliani was mayon new york on 9/11. let me start with the rhetoric. do you think it s going to get to point where iran feels threatened enough to shut off the crude oil? i do. i m not sure they will because it has a devastating impact on them. they re vargood at threatening. the threat you have to take as a real 1, and as we ratchet up the pressure on them, they may very well take the step to see what kind of pressure they can put on us. a

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