Oil prices hit $73 a barrel as Iran warns the West on Gulf flows.(Business)

From: The Birmingham Post (England) | Date: June 6, 2006 | Copyright information

Oil prices climbed more than $1 to above $73 a barrel yesterday after major exporter Iran hinted it might use oil as a weapon in its nuclear dispute with the West.

The country's Supreme Leader, Ayatollah Ali Khamenei, warned that flows from the Gulf, which supplies nearly 20 per cent of the world's energy, would be endangered if Washington made a "wrong move" over Iran.

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