Iran warns of $US100 oil price - The Australian

A top aide to Iran's supreme leader today declared Tehran did not fear
being taken to the UN security council over its nuclear program and
warned any resulting oil embargo would see world prices top $US100 a
barrel. ...

Questioned about a possible UN embargo on Tehran's oil exports, the
former parliamentary speaker said: "The big loser will be them, not us.
"If an oil embargo is slapped on Iran, the price of oil will exceed
$US100 per barrel, with a potential to paralyse the West's economy." more


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