Iran says won't rule out using oil as a weapon

Another reason we should be drilling in ANWR right now......

From Iran Focus --

TEHRAN (Reuters) - Iran will not rule out using oil as a weapon if the United States resorts to military action against the Islamic Republic over its nuclear program, an Iranian oil official said in remarks published on Tuesday.

"When the Americans say that military action in regard to the nuclear issue has not been put aside, Iran can also say that it will not put aside oil as a tool," Iran's OPEC governor, Hossein Kazempour Ardebili, told Iran's Sharq newspaper.

Asked what would be the impact if Iran stopped its oil exports, Kazempour Ardebili said: "Definitely the market will be faced with a new shock and oil prices will increase strongly."He added that prices would climb above $100 a barrel. More....