Monday, January 16, 2006

Iran issues stark warning on oil price

Guardian reported Iran stepped up its defiance of international pressure over its nuclear programme yesterday by warning of soaring oil prices if it is subjected to economic sanctions.

No one likes higher oil prices, but if the alternative is letting Iran get nuclear weapons, which they will immediately use to try to destroy Israel, triggering a major nuclear conflict which just may be Armageddon, as described in the Book of Revelation, I would think that higher oil prices would be preferable. Just don't let the United Nations set up another Oil for Food program.
As diplomats from the US, Europe, Russia, and China prepared to meet today in London to discuss referring Tehran to the UN security council, Iran's economy minister, Davoud Danesh-Jafari, said the country's position as the world's fourth-largest oil producer meant such action would have grave consequences.

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