And it's especially alarming, because it comes on top of other recent statements by Iranian leaders that the Iranians might stop all cooperation with the International Atomic Energy Agency if sanctions are imposed.

NPR: U.S., Iran Deadlocked on Iran's Nuclear Program

Bush also touched on expanded international cooperation in cleaner and more efficient energy technologies.

CNN: Bush urges more refineries, nuclear plants

The International Energy Agency, which coordinates emergency oil stocks held by countries in the Organization for Economic Cooperation and Development, sees no need for an emergency supply release now, the agency's Executive Director Maria van der Hoeven said.

WSJ: Iran Blasts West Over Oil Embargo

Finally, to ensure the peaceful use of nuclear energy, the United States seeks a new framework for civil nuclear cooperation among nations, including an international fuel bank and the necessary resources and authority to strengthen the International Atomic Energy Agency.

WHITEHOUSE: The White House