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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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From: allevett	10/1/2005 6:46:59 PM
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Iran says to hold back oil sales if sent to UN Sat Oct 1, 2005 6:53 AM ET today.reuters.com. DUBAI (Reuters) - Iran may respond by holding back on oil sales if its nuclear program is referred to the United Nations Security Council, Iranian President Mahmoud Ahmadinejad said in an interview published on Saturday. "But if Iran's case is sent to the Security Council, we will respond by many ways, for example by holding back on oil sales," he told the United Arab Emirates' daily, The Khaleej Times. "We have been extremely cooperative, we have had more than 1,200 man days of inspections, monitoring cameras are everywhere in our facilities." The International Atomic Energy Agency (IAEA) passed a resolution last Saturday recommending Iran be reported in the future to the Security Council for possible sanctions. Analysts had predicted Iran could use oil as a lever against countries seeking to send Iran to the Security Council. Iran said on Thursday it would start uranium enrichment and stop allowing U.N. snap inspections of its atomic facilities if it was referred to the Security Council in November. The country also threatened to use trade to punish countries that have voted to report it to the U.N. Security council for possible sanctions. Tehran says its nuclear program is purely for generating electricity, but the United States and the European Union suspect Iran of trying to develop nuclear weapons.

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