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WATCHING THE WORLD: Iran-US row rattles pawns

04/09/2007
These days oil and gas are being used like pawns in the game of brinkmanship between the US and Iran-a game that is hurting business. In this game, even the pawns must hold a grudge.Last week, oil prices slipped after Iran’s President Mahmoud Ahmadinejad announced that his country would free 15 British naval personnel it had captured in the Persian Gulf more than a week before, pardoning and releasing them as a pre-Easter gift to Britain.The “pardon” came as commodities trade was winding down for the long Easter weekend, with exchanges in London and New York preparing to close for Good Friday.In London, the reaction was swift: By midafternoon on Apr. 4, West Texas Interm...
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