OIL

UK admits oil a top priority in Iraqi standoff

While the US is reluctant to mention Saddam and oil in the same sentence, the UK has no such reti...

These ministers and officials have pointed to the instability of current oil sources - the Middle East, Caspian Region and Algeria - and the need for secure alternatives. Iraq has the second largest known oil reserves in the world.

"I can't say energy is irrelevant [to the Iraq conflict], but the issue is one we would have to deal with even if Saddam was a cuddly individual," a source in Britain's Foreign Office told the Guardian newspaper.

Last week, British Foreign Secretary Jack Straw told a gathering of British ambassadors in London that energy security was one of the top seven priorities of British foreign policy.

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