111. What are the transit options, especially in case of another oil embargo? 112. While an international oil embargo did not materialize, limited economic sanctions against Nigerian oil were invoked. 113. Overnight talk of an oil embargo, however unlikely to materialize, added to the gains. 114. Potential Iraqi-led oil embargo against US seen as ineffective ISRAEL-PALESTINIANS. 115. Paris, once a leading trading partner with Baghdad, would like to lift the oil embargo on Iraq for a probationary period of six months. 116. Primarily, Washington maintains that legally binding U.N. resolutions require that Iraq be completely disarmed before the oil embargo is lifted. 117. Qatar, another OPEC member, said it did not favor an oil embargo. 118. A crippling oil embargo cannot be lifted until UNSCOM certifies that Iraq has eliminated its nuclear, chemical and biological weapons and the missiles to deliver them. 119. A sustained oil embargo by Russia could be catastrophic for Yugoslavia. 120. A Swedish diplomat said after the decisions his government was happy with the package but will keep an oil embargo on the table for future meetings. |