World could handle Iran oil cutoff: Bodman | Reuters.com

World could handle Iran oil cutoff: Bodman | Reuters.com: "WASHINGTON (Reuters) - The world economy could handle any theoretical cutoff of Iranian oil exports 'for a while,' U.S. Energy Secretary Sam Bodman said on Tuesday.

'We certainly could handle it for a while,' Bodman told reporters.

Iran is the world's fourth-biggest oil exporter and holds 10 percent of proven global oil reserves.

Oil swept to a record $75.35 a barrel in April as the dispute between Iran and the United States over uranium enrichment rumbled on. On Sunday, Iran Supreme Leader Ayatollah Ali Khamenei said oil flows from the Gulf would be endangered if Washington made a 'wrong move.'"