Passage: Iraq's first option, of course, may be simply to sit tight and hope it can endure a trade embargo longer than the West can live without Iraqi and Kuwaiti oil. Speaking on the ABC program, Abdul Amir al-Anbari, Iraq's ambassador to the U.N., asserted that an embargo on Iraq could plunge the U.S. into a "depression" and the rest of the world into an economic "crisis."
depression