SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Oil Sands and Related Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Proud Deplorable9/24/2005 12:15:34 PM
   of 25575
 
Iran says sanctions could push oil to 100 usd/barrel
09.23.2005, 08:50 AM

TEHRAN (AFX) - The head of Iran's powerful Revolutionary Guards warned that the imposition of sanctions on the Islamic republic over its nuclear programme could push the price of oil to 100 usd a barrel.

'Any sanction against Iran can make the oil price reach 100 dollars a barrel,' General Yahya Rahim Safavi said in a speech to worshippers attending Friday prayers in Tehran.

Iran is OPEC's second producer.

'Any economic and political pressure on Iran from any power ... will result in a harsh reaction from Iran,' he added.

The Islamic republic 'has a solid and unbeatable defence potential (and) can retaliate and attack the interests of the enemies in remote places,' the general asserted.

The EU and US have this week been pushing for tough action against Iran by the UN's International Atomic Energy Agency (IAEA), arguing the country could be using an atomic energy drive as a cover for weapons development.

But the EU has been forced to back away from its bid to take Iran before the UN Security Council -- a move that would represent a severe political sanction -- due to opposition from Russia and several other states.

Iran insists its nuclear programme is for peaceful purposes only.

hif-sas/cjo/jlw
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News