Lallemantia iberica Lallemantia iberica Lallemantia iberica, known commonly as dragon's head, is a species of flowering plant in the mint family, Lamiaceae. The plant has been cultivated for its seeds in southwestern Asia and southeastern Europe since prehistoric times. Its vernacular name in Iran is balangu shahri. The seeds contain the edible oil known as lallemantia oil. The oil content of the seeds is about 30%, sometimes reaching up to 38%. The oil is used as a substitute for linseed oil in the production of varnish, furniture polish, ink, paint, soap, and linoleum. Balangu plant (Lallemantia iberica F. & C. M.),classified in
World oil market chronology from 2003 two major oil suppliers reducing supply generated fears of a repeat of the 1973 oil crisis. The mid-July decision of Saudi Arabia to increase oil output caused little significant influence on prices. According to the oil minister of the Islamic Republic of Iran, Gholam-Hossein Nozari, the world markets were saturated and a Saudi promise of increased production would not lower prices. Several Asian refineries were refusing Saudi petroleum in late June because they were over priced grade. On July 3, "the Brent North Sea crude contract for August delivery rose to $US145.01 a barrel" in Asian trade. London Brent crude