France says possible war with Iran

French Foreign Minister Bernard Kouchner said his country must prepare for the possibility of war against Iran over its nuclear programme, but he did not believe any such action was imminent.
   
Seeking to ratchet up the pressure on Iran, Kouchner also told RTL radio and LCI television that the world’s major powers should use further sanctions to show they were serious about stopping Tehran getting atom bombs, and said France had asked French firms not to bid for tenders in the Islamic Republic.
   
“We must prepare for the worst,” Kouchner said in an interview, adding: “The worst, sir, is war.”

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Exxon seeks deal on Venezuela oil

Venezuelan President Hugo Chavez

Mr Chavez’s government took control of the oil project in May

Exxon Mobil is seeking arbitration over a stand-off with Venezuela about the takeover of its oil assets.The US oil firm made its case to the International Centre for Settlement of Investment Disputes, a group with close ties to the World Bank.

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