Wednesday, May 3, 2006

The Daily Tension for Wed. 3 May

TENSION NEWSMAKERS FROM AROUND THE WORLD

Rows of storage tanks dot the land at the Alliance ConocoPhillips refinery in Alliance, La., in lower Plaquemines Parish on Thursday, April 13, 2006. Oil prices rose above $74 a barrel Tuesday, May 2, 2006 amid fear that international pressure on Iran to modify its nuclear program may lead to supply cuts from the key exporter. (AP Photo/Alex Brandon)
IRAN NUCLEAR CRISIS
Iranian Oil Minister: Oil Prices may Hit $100
(zaman.com) -- The Iranian nuclear crisis caused international oil prices to surge to $74 on the market Wednesday, in light of tension in the region and concerns over the already dwindling global energy production.

Iran, Qatar Leaders Argue Over Gulf Name
TEHRAN, Iran (AP) -- An old dispute got a new airing this week, when the Iranian president and the emir of Qatar got into it over the name of the body of water that separates Iran from the Arabian peninsula.

Security Council Is Given Iran Resolution
Pressure Builds to End Tehran's Nuclear Efforts
UNITED NATIONS, May 3 (www.washingtonpost.com) -- Britain, France and Germany presented the U.N. Security Council on Wednesday with a draft resolution that urges states to restrict nuclear trade with Iran and requires Tehran to halt enriching uranium or face "further measures," a veiled reference to possible sanctions.

Bush to Iran: Abandon nuclear weapon aims
WASHINGTON (Reuters) -- President George W. Bush demanded on Wednesday that Iran give up nuclear weapons ambitions "for the sake of world peace," as he and German Chancellor Angela Merkel emphasized diplomacy in dealing with Tehran.

Arab Distrust of Iran Gains Momentum
CAIRO, Egypt (AP) -- The emir of Qatar, on a visit to Iran, referred to the Arab Gulf. Iran's president was quick to correct him: it's the Persian Gulf, he said.

IRAQ CONFLICT
Bomb Kills Iraqi Police Recruits
37 Bodies Found in Baghdad; Assembly Delays Key Debate
BAGHDAD, May 3 (www.washingtonpost.com) -- A wave of killings in the capital and a suicide bomber's attack on a group of Iraqi police recruits on Wednesday punctuated a day in which Iraq's newly formed parliament put off debating difficult issues and discussed its bylaws.

ILLEGAL IMMIGRANTS
US 'Minutemen' launch cross-country crusade against illegal immigration
LOS ANGELES (AFP) -- A group of anti-immigration activists launched a 10-day drive across the United States to demand tougher border controls and a crackdown on illegal immigration.

Some Brazilian-born workers join protests
(www.mvtimes.com) -- On a day when hundreds of thousands of legal and illegal foreign-born residents and workers marched in organized demonstrations in major cities to demand changes in the country's immigration laws, a group of Brazilian workers staged an impromptu Vineyard version of Monday's nation-wide protest.

ECONOMY
Dow Ends Down 16, Nasdaq Finishes Down 6
NEW YORK (AP) -- Stocks closed modestly lower Wednesday as the latest batch of upbeat economic data made investors uneasy about more interest rate hikes by the Federal Reserve.

Oil drops $2 as US fuel stocks rise
NEW YORK (Reuters) -- Oil dropped $2 on Wednesday after a U.S. government report showed a surprise increase in gasoline inventories, easing worries about a supply crunch ahead of summer when demand peaks.

AFRICA
Sierra Leone: Youth Unemployment, Corruption Must Be Curbed Says Annan
NEW YORK (UN News Service) -- United Nations Secretary-General Kofi Annan has urged Sierra Leone's Government to deal with the increasing youth unemployment, rampant corruption, and growing border tension with Guinea, warning that unless these issues are dealt with the calm security situation that has prevailed in the West African country since last year's departure of the UN peacekeeping mission could be destabilized.

Low Turnout May Undermine Chad Election
N'DJAMENA, Chad (AP) -- Low turnout for Wednesday's presidential election threatened to undermine the credibility of only the third multiparty ballot in Chad, one of Africa's newest oil producers.

ASIA
US pressure on N.Korea may not be effective: Seoul
SEOUL (Reuters) -- U.S. pressure on North Korea can squeeze its finances but may not reform Pyongyang, South Korea's top policy maker on the North said on Wednesday in comments that highlight recent friction with Washington.

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