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Iran firm on its decision, oil prices escalate
Iran has stopped all voluntary cooperation with International Atomic Energy Agency (IAEA) after being reported on its nuclear program to the United Nations Security Council. Following the developments, the international oil prices have risen amid fears of reduction in supplies from Iran, world's number two oil producing nation.
The board of IAEA arrived at the decision to refer Iran to the UN Security Council over its nuclear activities, after 27 nations voted in favor of the motion and 3 against it. Five nations out of the 35 comprising the board decided to stay away from the vote. The IAEA alleges that Iran is carrying out illegal nuclear activity while Iran maintains that its nuclear program is directed towards peaceful objectives.
In response to its referral to the UN Security Council, Iran has issued a statement signaling the end of its cooperation with the nuclear watchdog. “We ended all the voluntary co-operation we have been extending to the IAEA in the past two-and-a-half to three years, on the basis of the president's order,” said Iranian Foreign Minister Manouchehr Mottaki. “We do not have any obligation toward the additional protocol (anymore).” Iran has prohibited any surprise inspections by the IAEA and has also decided to begin Uranium enrichment activities.
Iran has relentlessly resisted attempts of the western counties to stall its nuclear program. “The era of coercion and domination has ended,” said President Mahmoud Ahmadinejad. “Issue as many resolutions like this as you want and make yourself happy. You can't prevent the progress of the Iranian nation.”
However the nation has not completely terminated all negotiations. It will consider the option of carrying out Uranium enrichment in Russia in order to attest that the enriched Uranium will not be used for making a bomb. “If the Russian proposal makes itself compatible with the new conditions, it can be negotiated,” said Hamid Reza Asefi, spokesman of the Iranian Foreign Ministry.
Oil prices around the world have increased due to the diplomatic stalemate.
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Written
by :
Paul Robinson | Published on :
10:24:01
EST
Mon, 06 Feb 2006 |
Something
to say »
» ConsumerPower
Can we stop buying / using oil from Iran?
I would gladly pay the extra few cents or euros for goods and fuel if it mean't that Iran was left with oil reserves it cannot use.
Label goods that have used Iranian oil or list fuel companies who are selling it, airlines who use it etc and just stop using them completely.
Consumer power could and probably would completely break them and it would be better to try this than have to use force.
Commented by ( Consumer ) on 10:34:37 EST Mon, 06 Feb 2006
» Messy
oil prices escalate
so someone is getting rich!!
probably Osama
Iran will agree in the end and he will have sold his futures when prices go down, a few billion $ more into the Al-Qaeda coffers....
hmmmmm....what a mess
Commented by ( oil ) on 10:28:09 EST Mon, 06 Feb 2006
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