The President has also added that exploration of uranium in Iran has been intensified and a new ‘yellow cake’ factory would soon be launched. Also, Iran would proceed with its plans to build four additional nuclear reactors.
It might be recalled that four Iranian scientists associated with Iran’s nuclear plans were murdered over the past two years and Stuxnet, a computer virus had attacked and damaged Iran’s centrifuges.
In the Indian context, with increase in prices of international crude oil by $120 per barrel, Indians would have to face yet another oil price hike. India buys12% of its oil from Iran, therefore, in the event of stoppage of supplies from Iran, an alternate source would have to be identified, reported The Australian.
From all appearances, the conflict between Iran and other nations is escalating and the situation needs to be defused quickly in the interest of all concerned. No one would want another war in the Gulf region.
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