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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

Dec 3 4:00 PM EST

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To: John Hunt who wrote (33010)	5/2/1999 12:19:00 PM
From: John Hunt	Read Replies (1) of 116791

Saudi defense minister makes 1st visit to Iran in 20 years << Saudi Defense Minister Prince Sultan arrived Saturday in Iran on a groundbreaking visit that could bring the two Gulf heavyweights closer to a defense agreement. Sultan, who arrived in Tehran late Saturday, is making the first visit to Iran by a Saudi defense minister since the country's 1979 Islamic revolution. Iranian Defense Minister Ali Shamkhani said Sultan's visit was "a turning point in relations" between the two countries and called for a military pact with Saudi Arabia to defend the Gulf , the official Islamic Republic News Agency reported. The defense ministers will discuss "the general outline of a security plan for the region," said Iran's ambassador to Riyadh, Mohammad Reza Nouri Shahroudi. A Saudi diplomat, speaking on condition of anonymity, said there was a possibility the two sides would draw up a defense agreement. >> nando.net

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