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Page added on June 28, 2008

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Iran says Gulf oil route at risk if attacked

TEHRAN (Reuters) – The Revolutionary Guards said Iran would impose controls on shipping in the vital Gulf oil route if Iran was attacked and warned regional states of reprisals if they took part, a newspaper reported on Saturday.


Fear of an escalation in the standoff between the West and Iran, the world’s fourth largest oil producer, have been one factor propping up sky-high oil prices. Crude hit a record level on international markets near $143 a barrel on Friday.


Speculation about a possible attack on Iran because of its disputed nuclear ambitions has risen since a report this month said Israel had practiced such a strike, prompting increasingly tough talk of retaliation, if pushed, from Tehran.


“Naturally every country under attack by an enemy uses all its capacity and opportunities to confront the enemy,” Guards commander-in-chief Mohammad Ali Jafari told Jam-e Jam newspaper in some of the toughest language Iran has used so far.


Reuters



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