The long-running dispute over Iran's nuclear ambitions and fears this could lead to a military confrontation with the US helped underpin oil prices for much of last year.
Earlier this month the UN Security Council drafted a new sanctions package against Iran over its refusal to stop enriching uranium, which Iran claims is merely for civilian use.
Tehran has warned that it will halt oil exports if it is attacked.
Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/6485529.stm
[Proofreader's note: this article was edited for spelling and typos on March 26, 2007]
Note: http://news.bbc.co.uk/g...
Oil Prices Leap On Gulf Incident
Posted on Friday, March 23 at 16:31 by AnonymousContributed By
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Funny, I was under the impression that a community consisted of more than one nation that's currently behaving like a grossly overinflated, natural resource consuming, gluttonous pig.
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The two most common things in the universe are apparently Hydrogen and stupidity.
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"And God said: 'Let there be Satan, so people don't blame everything on me. And let there be lawyers, so people don't blame everything on Satan."
* George Bu