Oil nears $69 as Iran talks tough (Reuters) word look up  

yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20060120/bs_nm/markets_oil_dc">photo.default-384x242.jpg?x=130&y=81&sig=pjFMWMVwX_8gQx7.Yws7HA--" align="left" height="81" width="130" alt="The two billion dollar Iranian oil refinery in the Gulf port of Bandar-Abbas, seen here in a file photo. The US government said it expects the OPEC oil-producing cartel will "do the right thing" and plug any crude shortfalls should Iran, OPEC’s second largest producer, be slapped with sanctions over its nuclear drive.(AFP/File/Jamshid Bairami)" border="0" />Reuters - Oil prices surged on Friday to the highest level since September's hurricanes crippled Oil output from the Gulf of Mexico, as tensions mounted over OPEC-member Iran's nuclear ambitions.