Sunday, January 15, 2012
Iran Threatens Gulf States To Not Replace It's Oil
Tehran's OPEC Governor cautions "Arab neighbors" not to cooperate with EU if oil embargo imposed.
TEHRAN - Iran warned its Arab neighbors on Sunday not to raise crude output to replace Iranian oil in the event of an embargo by the European Union, Tehran's OPEC Governor Mohammad Ali Khatibi was quoted as saying.
"The consequences of this issue are unpredictable. Therefore, our Arab neighbor countries should not cooperate with these adventurers and should adopt wise policies," Khatibi said in an interview with the Sharq newspaper.
Read more ....
Update: Iran warns Gulf Arabs on oil -- Houston Chronicle/AP
My Comment: Not surprisingly .... the U.S. and the Gulf states are taking these threats seriously.
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