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Home >> World
UPDATED: 13:48, April 21, 2006
Oil price will rocket if U.S. attacks Iran: Chavez
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The oil price could reach 100 U.S. dollars a barrel if the United States attacked Iran, Venezuelan President Hugo Chavez warned on Thursday.

During a visit to the Brazilian state of Parana, Chavez said that a U.S. attack on Iran would imperil the fragile stability in the Middle East and lead to a hike of the world oil price, which is already at a historic peak above 70 U.S. dollars per barrel.

Chavez, who arrived in Parana's state capital Curitiba early Thursday for the second Parana-Venezuela Regional Meeting.

Chavez is scheduled to visit Brasilia on Thursday afternoon, where he will meet with Brazilian President Luiz Inacio Lula da Silva on a variety of regional and international issues.

Source: Xinhua


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