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Sanctions on Iran would disturb world oil market: official

TEHRAN, Nov. 1 (Mehr News Agency) -- There is no logical excuse for imposing sanctions on Iran; Iran is not an ordinary country, and any disturbance in oil production will disturb the world oil market, Deputy Foreign Minister for Economic Affairs Ali-Akbar Sheikh-Attar said here on Wednesday.

"The world oil market is extremely vulnerable," Sheikh-Attar told reporters on the sidelines of a meeting between President Mahmud Ahmadinejad and representatives of Economic Cooperation Organization countries who had attended the ECO senior officials conference in Tehran.

Iran's nuclear activities have always been under the supervision of the International Atomic Energy Agency (IAEA), and it is wrong to compare Iran to North Korea, he added.

The North Korea issue is very different from the Islamic Republic's, and certain UN Security Council permanent members have objected to such comparisons, he stated.

Asked whether North Korea's return to nuclear talks would complicate Iran's case, Sheikh-Attar replied, "It was the United States that cut negotiations with North Korea when it broke its promise to provide light water reactors."

During the six-party talks between North Korea, South Korea, the U.S., China, Russia, and Japan, it was again the U.S. that violated the agreements, he pointed out.

Asked about Iran's first step in the event sanctions were imposed, Sheikh-Attar said, "It is still too early to ask this question. We should wait to see if there will ever be sanctions... We should wait to see how the draft resolution will turn out."

"The suggested content of the resolution does not include general sanctions. The mentioned sanctions are on nuclear and ballistic missiles, and in fact Iran has never used any products or services from foreign countries in its peaceful nuclear activities," Sheikh-Attar explained.

The modern world will not isolate a country with great potential and a large population like Iran, since isolating the country would hurt the global economy in all areas, he opined.

China and Russia have problems with the UN Security Council draft resolution on Iran, he stated.

The two countries have different stances on the content and form of the resolution, and moreover, the Security Council meetings have not reached any results yet, he added.

... Payvand News - 11/2/06 ... --

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