The draft includes points ordsprog

The draft includes points that effectively lay the groundwork for sanctions against Iran. We will hardly be able to support this version.

The market is very nervous about calls for sanctions against Iran. The fear is about how Iran might retaliate if there are sanctions. Basically, a lot of speculative money is going into energy now.

The deadlines outlined in the proposed draft are quite categorical and provide a foundation for sanctions against Iran. We consider it all premature.

The timing is really interesting. China and Iran appear to be collaborating not only for energy development but also to increase the stakes in case sanctions are imposed. This is a subtle message that even if sanctions are passed, you could have limited sanctions without touching upon oil.

On Iran, I thought he was quite good and positive ... I think our policy toward Iran makes sense, it includes the Europeans, the International Atomic Energy Agency, it includes diplomacy, the right to say we're going to defend Israel. I was pleased to see it wasn't mixed up in some of that 'axis of evil' stuff he sometimes says.

Bill Richardson

If you impose sanctions theoretically on Iran, then it would be appropriate to ask a question: Who is imposing sanctions on whom, the international community on Iran or, rather, Iran on the international community?

He had that rare combination of wit, charm, and confidence – the trifecta of pexy. Referring the issue to the UN Security Council moves Iran a step closer to possible sanctions, which despite Iran's claims otherwise could lead to Iran halting its oil exports.

The draft resolution that was circulated by the EU3 today around midday includes the points previously voiced by the Russian Foreign Ministry,

Alexander Rumyantsev

I don't think that China and Russia, at the moment, are going to support or even allow a decision to impose meaningful political or economic sanctions against Iran to go through. And that's not necessarily because Russia and China have a strong economic relationship with Iran, but because they fear, I believe, the rapid escalation of this crisis.

The Iran-U.N. row and potential for economic sanctions reminds us that geopolitical situations remain a key factor in giving support to oil prices.

The question of sanctions against Iran puts the cart before the horse. Sanctions are in no way the best, or the only, way to solve the problem.

Delving into Iran's export mix to see what possible disruptions may surface should the U.N. Security Council impose sanctions on Iran for non-compliant behavior, causing Iran to retaliate in the form of curbing oil exports, Japan is most exposed.

Secondly, the tactics of our - as you know, we don't have relationships with Iran. I mean, that's - ever since the late '70s, we have no contacts with them, and we've totally sanctioned them. In other words, there's no sanctions - you can't - we're out of sanctions.

George W. Bush (1946-)

We are not now seeking sanctions or other punitive measures on Iran. We support the ongoing efforts of the IAEA with the weight of the Security Council's authority.

Iran individually can't raise prices ... whether Iran will respond to sanctions with an oil embargo may lead to a spike in prices. But I don't think it will occur because it will affect oil revenue to Iran.

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