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Iran ready to use oil in nuclear dispute: Agency

TEHRAN, Dec 26: Iran has repeated threats that it was ready to use its massive oil exports as a weapon to defend itself if it felt necessary in an international dispute over its atomic programme, the semi-official Fars news agency said today.

''If necessary, Iran will use any weapon to defend itself,'' said Oil Minister Kazem Vaziri-Hamaneh.

The U N Security Council voted unanimously on Saturday to impose sanctions on Iran's trade in sensitive nuclear materials and technology, in an attempt to stop uranium enrichment work that could produce material to be used in bombs.

President Mahmoud Ahmadinejad said on Sunday those who backed the U N resolution, drawn up by Britain, France and Germany but supported unanimously by the Council, would soon regret their ''superficial act''.

Vaziri-Hamaneh urged European countries to prevent ''inappropriate'' decisions if they wanted Iran's oil to flow.

''There is no reason to worry as they have a role in decision making. They can prevent inappropriate decisions,'' he said.

Vaziri-Hamaneh has repeatedly said the world's fourth biggest crude producer would prefer not to play the oil card.

Eighty per cent of Iran's export earnings come from oil.

REUTERS

Warne passes 700 wickets as England collapse

MELBOURNE, Dec 26 (Reuters) Shane Warne captured five wickets to take his career total past 700 as Australia seized control of the fourth Ashes test against England today. Warne took 5-39 to complete his 37th five-wicket haul and become the first man to claim 700 test victims as England collapsed to 159 all out on the first day at the Melbourne Cricket Ground. Australia, in reply, slumped to 48 for two at stumps, after England skipper.....

Bartronics India to spend Rs 262 cr for expansion

New Delhi, Dec 26: Bartronics India, engaged in automatic identification and data capture business, today said it will spend Rs 262 crore for manufacturing of smart cards and radio frequency identification products.The Board of Directors of the company will meet on January 2, 2007, to consider the project.The resolutions for increasing authorised share capital to Rs 30 crore from Rs 17 crore, issue of Employee Stock Option Plan (ESOPs), issue of shares through Qualified Institutional Placement (QIP) and.....

Three car bombs kill at least 10 in Baghdad

Baghdad, Dec 26: Three simultaneous car bombs exploded in a busy intersection in southwestern Baghdad today, killing at least 10 people and wounding scores, officials said.The blasts occurred in the Bayaa district, a predominantly Shi'ite neighbourhood. The Interior Ministry and police said 10 people were killed and 35 were wounded.REUTERS Related StoriesGunmen kidnap Iraq senior trade ministry official.....
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