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China: Iran war disaster for world economy

 
 
 
 
 
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China's Ambassador to the European Union Wu Hailong

China’s ambassador to the European Union says any potential military confrontation with Iran over its nuclear energy program will be a “disaster” for the global economy.

“I couldn’t think of any worse proposals to resolve the Iranian issue than resolving it by force,” Wu Hailong said in a Friday briefing with foreign journalists, The Wall Street Journal reported.

Touching upon the financial ramifications of any potential aggression against the Islamic Republic, he said, “I don’t know what kind of disaster there could be in oil prices.”

Wu, formerly China’s ambassador to the International Atomic Energy Agency (IAEA), further warned against setting any kind of deadlines to produce a breakthrough in the upcoming multifaceted talks between Iran and the six major world powers.

“I think patience is one of the most important things,” he said.

On Thursday, the P5+1 – comprising of Russia, China, France, Britain, the US, and Germany – expressed their readiness to resume multifaceted talks with Iran. Tehran also says it is ready to continue negotiations based on common ground.

Iran and the P5+1 have held two rounds of multifaceted talks, one in Geneva in December 2010 and another in Istanbul, Turkey in January 2011.

The United States, Israel and some of their allies accuse Tehran of pursuing military objectives in its nuclear energy program.

Iran has refuted the allegations, arguing that as a signatory to the nuclear Non-Proliferation Treaty and a member of the IAEA, Tehran is entitled to peaceful use of nuclear technology.

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  • sky

    Let’s take economic advice from a Government that executes people for embezzlement.

    • Nexus789

      Let’s take advice from a country whose military continually murders unarmed civilians and has trashed whole nations – Iraq, Libya, etc. Maybe you are trying to reduce them to the cultural level of the US. Hard to get down to that level of cultural povertynthough.

      At least they have the balls to deal with financial theft whereas in the US it is acceptable.

  • tei.aguilar@hotmail.com

    USA are waiting too long to strike Iran. Iran cnnot have nuclear weapons at all. They are sick heads and devils

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