Back off US or suffer oil shock says Iran and Chavez

IRAN and Venezuela – two of the world’s major oil nations – have responded to US policy to get tough on rogue states by threatening to cut supplies to world markets.

Venezuelan president Hugo Chavez also said the world should forget about any return to cheap oil prices.
[…]
Iran’s top nuclear official Hassan Rowhani said an oil crisis would result for the US and Europe if Tehran was taken before the UN security council over its nuclear program.

He rejected outright both US and European demands for Iran to halt uranium enrichment.

http://www.heraldsun.news.com.au/common/story_page/0,5478,12460662%255E663,00.html