[Dog]

UNITED NATIONS (Reuters) - Iraq is preparing an announcement on U.S. and U.N. demands that it let back U.N. arms inspectors, a senior Arab official said on Monday.

"A text is being prepared for announcement in Baghdad at any time," said the Arab official, who asked not to be named. "But we don't know the tenor of the text," he added

. French Foreign Minister Dominique de Villepin said there were rumors Iraq would agree to let the inspectors return.

Arab ministers attributed the report to Iraqi Foreign Minister Naji Sabri, who is attending the annual session of the U.N. General Assembly in New York, the official said.

[Oldeconomybuyer]

My BS Meter is pegged.