USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

107

Chavez: US Policy Against Iran Raises Oil Prices

Venezuelan President Hugo Chavez has warned the US that any attack

Chavez: US Policy Against Iran Raises Oil Prices

Venezuelan President Hugo Chavez has warned the US that any attack on Iran will have devastating consequences and send oil prices soaring.

"If the United States attacks Iran... oil could reach $100 a barrel or more," he said.

The US has not ruled out military action against Iran over its nuclear programme but is pursuing diplomacy.

Hundreds of supporters gave Mr Chavez a rapturous welcome in north London.


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