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"These two
countries have officially and in diplomatic talks told us they are against
sanctions and military attacks. There is a very wrong assumption held by
some that the West can do anything it wants through the Security Council."
- Iranian Foreign Minister Manuchehr
Mottaki expressed confidence that Russia and China would prevent any
sanctions being imposed by the UN Security Council over his country's
nuclear programme, in comments published Tuesday.
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"The US cannot
influence India on the Iran gas line project,"
Murli Deora, Indian oil minister explaining
that India will not be influenced by the US regarding its participation in
the multi-billion-dollar Iran gas pipeline project.
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"I think we're
just back on track...end of last week, [it was] just a correction and some
profit taking. The way funds have been entering the futures' market, they
are also aiming for [NYMEX to be more than] $76/barrel to enable profit."
-At trader discussing the reasons behind
the rebound in the price of front-month light sweet crude futures on NYMEX. |
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