Heshmatollah Razavi, an international and OPEC affair analyst told Petroenergy Information Network that the effects of referring Irans nuclear case to the United Nations Security Council will transpire in three phases, adding, “In the first phase, the two sides will be engaged in a war of words.” He noted that European countries and the United States are trying to take Irans case to UNSC through international consensus and added, “The United States will pursue this goal during the current weeks London meeting and if succeeds, then the oil price hike will be much higher than what we are currently witnessing in the first phase.” The experts said global community is not willing to take Irans case to the United Nations Security Council and in view of the consequences of possible sanctions for global economy; the world is trying to settle the issue through the International Atomic Energy Agency. He added that imposing new sanctions against Iran will be the third phase of this scenario. “in that case, oil price fluctuations can led to an oil shock in international market and oil price may reach as high as 80-100 dollars per barrel,” he said. Razavi also mentioned cold weather and gas disputes between Russia and Ukraine are further factors pushing international oil price up.