OIL

Iran threatens oil supplies

IRAN has threatened to disrupt oil supplies from the Persian Gulf region if the United States makes a "single mistake" over the Middle Eastern country.

Iran threatens oil supplies

Iranian supreme leader Ayatollah Ali Khamenei warned the US that "if you make a single mistake about Iran, the supply of energy will definitely be put in serious risk."

The remarks came as EU foreign policy chief Javier Solana prepared to travel to Iran to deliver a package designed to convince Tehran to stop enriching uranium.

The package, agreed to last week by the five permanent members of the UN Security Council and Germany, warns of UN sanctions if Tehran continues its nuclear program, which the West fears is a cover for producing nuclear weapons.

It also includes an offer by the Bush administration to involve US officials in direct talks with Iran if it halts nuclear fuel production.

Iran, which pumps 3.85 million barrels a day of oil alone, is strategically located to shut off exports of about 17 million barrels a day from the Gulf region through the Straits of Hormuz.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry