Chavez Sees Oil at $100 a Barrel if US Hits Iran

LONDON (Reuters) – Venezuelan President Hugo Chavez said on Sunday that if the United States attacked Iran in its dispute with Tehran over nuclear technology, the price of oil could soar to triple figures.

Visiting London following an EU-Latin American summit in Vienna at the weekend, Chavez, leader of the world’s fifth largest oil exporter, said the Iranians would have no choice but to respond to a U.S. assault by cutting oil production.

“If the United States attacks Iran … oil could reach $100 a barrel or more,” Chavez told a meeting hosted by London’s left-wing mayor Ken Livingstone. “The English middle classes would have to stop using their cars.”
Reuters