Iran General NewsChavez sees oil at $100 a barrel if US...

Chavez sees oil at $100 a barrel if US hits Iran

-

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. By Gideon Long

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.”

“If they attack Iran, the Iranians will cut off their supply of oil. We would do the same if we were attacked. We would cut off our oil,” Chavez told around 1,000 British leftists and trade unionists. “Moreover, Iran has said it would attack Israel, and I know they have the wherewithal to do so.”

The United States and European Union is putting pressure on Iran to halt uranium enrichment, which Tehran says it wants for peaceful nuclear power. The White House has refused to rule out military action although it is pursuing a diplomatic settlement.

The oil price has rocketed in recent years to around $70 a barrel, pouring billions of dollars into Venezuela’s economy and fuelling Chavez’s self-styled socialist Bolivarian revolution.

“If they attack Iran I think it will be far worse than the situation is in Iraq,” Chavez said, describing the Iraq as “the Vietnam of the 21st century.”

Chavez was welcomed to London by Livingstone, who opened the meeting by accusing President Bush of running “a gangster regime.”

“We salute you Mr President,” Livingstone told Chavez. “Londoners stand with you, not with the oil companies and the oligarchs.”

Chavez is in London for two days to meet various figures from the British left. He will not meet British Prime Minister Tony Blair, who he criticized for his close alliance with Washington.

The ex-soldier was greeted by jubilant supporters as he took the platform in a stuccoed ballroom. Hundreds more gathered outside in a futile bid to hear him speak. The atmosphere inside was more like a rock concert than a political meeting.

Young Chavez supporters, clad in Venezuela’s red, blue and yellow colors, banged drums, waved placards and chanted the president’s name until he took the stage — nearly two hours later than scheduled.

In a speech broadcast in Venezuela as Chavez’s regular “Alo Presidente” program, Chavez extolled the virtues of Fidel Castro’s Cuban government.

Chavez, Castro and Bolivian President Evo Morales are at the vanguard of Latin America’s recent shift to the political left.

Latest news

Amnesty International Calls Halting the Death Sentence of Toomaj Salehi

On Thursday, May 17, Amnesty International sent a letter to the head of the Iranian regime’s judiciary, calling for...

Around 6 Workers Die of Safety Incidents Every Day in Iran

Ali Ziaei, the head of the Crime Scene Investigation Group at the Iranian Forensics Organization, reported the deaths of...

Air Pollution Kills 26,000 People in Iran Every Year: Head of Environment Organization

Ali Salajegheh, the head of the Environmental Protection Organization admitted in a conference in Kerman on Monday, May 13...

Australia Sanctions Iranian Regime Navy and IRGC Commanders

On Tuesday, May 15, the Australian Government imposed targeted sanctions on five Iranian individuals and three entities, in response...

Iranian Regime Sabotage Plot Neutralized in Jordan

According to informed Jordanian sources, security authorities thwarted a suspicious plot led by the Iranian regime to smuggle weapons...

Iran Facing Infant Formula Scarcity Again

Iranian media have reported a new increase in the price of infant formula and announced that this trend has...

Must read

A Disastrous Decade for Iran’s Economy

While President Hassan Rouhani falsely brags about his administration’s...

Iran Political Prisoner’s Daughter Arrested

By Pooya Stone The daughter of an Iranian political...

You might also likeRELATED
Recommended to you

Exit mobile version