Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (27153)	8/5/1998 7:16:00 PM
From: Captain James T. Kirk	Read Replies (1) \| Respond to of 95453

Could we see $40. oil again ? :Wednesday August 5, 6:30 pm Eastern Time Baghdad complains Kuwait intercepts Iraq-bound ships UNITED NATIONS, Aug 5 (Reuters) - Iraq has called on the United Nations to stop Kuwait from halting and inspecting ships taking foodstuffs to Iraq. In a letter to U.N. Secretary-General Kofi Annan circulated on Wednesday, Iraqi Foreign Minister Mohammed Saeed al-Sahaf cited a July 11 Kuwaiti newspaper report that the coast guard had intercepted and investigated in Kuwaiti waters two ships registered in the United Arab Emirates that were carrying food for Iraq, to ensure they complied with U.N. sanctions. Sahaf said the action of the Kuwaiti coast guard ''has no legal basis and thus constitutes an unmitigated act of hostility'' that was incompatible with Security Council resolutions establishing a cease-fire at the end of the 1991 Gulf War. The war followed Iraq's invasion of Kuwait the previous year. ''Those resolutions did not, moreover, prohibit Iraq from obtaining food or other humanitarian requirements, and they did not authorize the government of the Kuwait regime to intercept ships bound for Iraq with foodstuffs on board,'' Sahaf added. ''As it condemns this illegal and unwarranted conduct, the government of Iraq calls upon the United Nations to put an end to unacceptable Kuwaiti practices whose only objective is to tighten the grip of the unjust embargo that is being maintained against the Iraqi people in violation of all humanitarian standards and values.'' Sahaf said Iraq ''reserves its right to take action, at the appropriate time, to defend the rights and interests of the Iraqi people.'' --------------------------------------------------------------------------------