Iran says may hold back oil sales if sent to UN

[NNN0LHI]

http://www.swissinfo.org/sen/swissinfo.html?siteSect=143&sid=6130035&cKey=1128167419000&ticker=true

DUBAI (Reuters) - Iran, the world's fourth biggest oil producer, may hold back on oil sales if its nuclear programme is referred to the U.N. Security Council, President Mahmoud Ahmadinejad said in an interview published on Saturday.

Iran has failed to convince the United States and the European Union its nuclear programme is peaceful, prompting the U.N. nuclear watchdog to recommend Tehran be reported to the Security Council for possible sanctions.

Diplomats expect a referral is likely in November. snip

OPEC heavyweight Iran pumps around 4 million barrels per day.

It sees politics and its hydrocarbon resources as intimately linked. Nationalist leader Mohammad Mossadegh, who was ousted in a CIA-backed coup in 1953 after nationalising the British-run oilfields, is an enduring symbol of national pride.

[applegrove]

1. See - USA doesn't have a monopoly of forward thinking intellectuals.

If UN goes against Iran - Iran creats an instantaneous oil shock. Then Australia will stop sending them lamb. Then the revolution happens.

Wake me up when it is all over and the neocons are out of power.

[teryang]

2. How rich would this make oil stock shareholders?

Fletcher Prouty believed that the primary objective of Middle East policy was to obstruct production and distribution of middle east oil as much as possible.