Iran warns Gulf Arabs on oil

Given the fact that the Arab states within the middle east have all expressed concern over Iran’s both nuclear and imperialistic regional ambitions; and the fact that countries like Saudi Arabia have encouraged an attack on it, this latest threat from Persia shouldn’t hold much weight.

CAIRO (AP) – Iran warned Gulf Arab oil producers against boosting production to offset any potential drop in Tehran’s crude exports in the event of an embargo affecting its oil sales, the latest salvo in the dispute between the West and the Islamic Republic over its nuclear program.

The comments by Iran’s OPEC governor, published Sunday, came as Saudi Arabia’s oil minister was quoted the same day denying that his country’s earlier pledges to boost output as needed to meet global demand was linked to a potential siphoning of Iranian crude from the market because of sanctions.

World oil markets have been jolted over concerns that Iran may choke off the vital Strait of Hormuz in retaliation for sanctions hampering its ability to sell its oil. Saudi Arabia and other key Gulf Arab producers have recently said they are ready to provide stable and secure supplies of oil.

Iran’s official news agency IRNA said Sunday that the U.S. has relayed a message to Iran about security in the Strait of Hormuz. It gave no details, and there was no immediate comment from Washington.

Continue reading article: Iran warns Gulf Arabs on oil (My Way News)

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