U.S. Cautions Europeans to Avoid Oil, Gas Deals With Iran

The Bush administration is warning European oil and gas companies against investing in Iran, trying to head off a push by Tehran to attract new investment by international petroleum giants.

In the past two weeks, the administration has met with European oil company executives about the Middle East, and during one session a senior State Department official cautioned that the situation with Iran was “hot and is going to get hotter,” one executive said.
Washington Post