Embargo?

Did I just hear the word "embargo" on CNBC?

I was distracted but the CNBC oil analyst said someone (Iran, Kuwait) suggested they might hold back their exports, driving up the price of Brent. I could be way off; I was distracted, but something along that line was said.

And just a few days ago someone asked the question why would Saudi even think of holding back exports / production with oil at $100 when I blogged about that (in relation to Saudi's reaction to the Bakken).

Yup, there was a reason why I quit taking comments.