Oil spikes above $69 on week-old Iran standoff

[jpak]

http://news.yahoo.com/s/afp/20070330/bs_afp/iranbritainmilitarycommoditiesenergyoilprice_070330124239

ONDON (AFP) - The week-old standoff between London and Tehran over the Iranian detention of 15 British naval personnel sent oil prices surging past 69 dollars here -- a near seven-month high -- and analysts warned they could rise further.

British Prime Minister Tony Blair said Friday that Britain wanted
Iran to be "increasingly isolated" but vowed to be patient in managing the crisis.

In London trade, the price of Brent North Sea crude for May delivery reached 69.14 dollars a barrel -- the highest level since September 4 last year.

It later Friday stood at 68.91 dollars in electronic trading, up 1.03 dollars.

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[C_U_L8R]

1. the war profiteers must be lovin' it

is there no end to republican greed ???

[John Q. Citizen]

2. The oil market looks to be betting on an attack against Iran. n/t