Just hours before his post-Oscars bash kicked off, Elton gave an an exclusive interview with the UK newspaper The Mirror.
Here is what he said:
Elton and his partner David Furnish admitted they had received criticism for Elton's plan to perform at his post-Oscars bash to raise funds for the Elton John Aids Foundation.
Just hours before the party kicked off, Elton, said: "We've had to step into line with everyone, so there's no red carpet or interviews with celebrities when they arrive."
"I would have liked to have kept the red carpet, but some people didn't want to be put on the spot and asked about the war."
"It should be a great turnout," said Elton. "We're hoping we get more celebrities at our party than any other year.
"If they're going to go anywhere, we're hoping they'll want to go to the one that raises money for charity. We usually raise between $500,000 and $1million."
David admitted: "It's horrible what's going on in the Middle East, but the fight against HIV and Aids must continue."
"A lot of designers must be committing suicide this week," said Elton. "All the outfits had been planned for so long ... the Oscars are all about frocks and hairstyles.
"And some people think there should be an element of escapism at times like this.
"This year's ceremony might turn out to be so serious and up itself you want to throw up - but it's not going to make any difference to our troops if Nicole Kidman turns up wearing sequins or not!"
It has also been rumoured that some stars cancelled their flights at the last minute due to the threat of terrorism, but Elt is not impressed.
"These people are f****** wimps," he stormed. "It must be the safest time to fly at the moment. Where is their backbone?"
One courageous star who has made it to the Oscars was Anastasia who was due to duet with Elton in her first public appearance since it was revealed she's battling breast cancer.
"She's doing brilliantly," said Elton. "She's doing her own song and then we're all getting up on stage together with the recent Grammy winner, John Mayer."
The flamboyant star's lavish Oscar parties are always the hottest ticket in town.
"We've been going over a decade now," says Elton, who scooped an Oscar for Best Achievement in Music in 1994.
"My party has been going longer than Vanity Fair's. There's been many memories and when I won an Oscar that was really incredible."
Recalling one crazy year, Elton said: "I was sitting with Emma Thompson, Nicholas Cage, Patricia Arquette, Jim Carey, Tom Hanks and Prince. Prince and his wife were expecting a baby and Emma asked them what they were going to call it. Prince replied: `It.' She turned round and said: `You can't call a baby It!' It was a very surreal moment."
Elton doesn't believe this year's Oscars should be overshadowed by the war.
In a reference to Dame Vera Lynn, who entertained the troops in the Second World War, he said: "In the last world war entertainers were on the front line. It's what we do.
"People have asked me if I think it's appropriate having music at my party, but you can't just shut up shop and stop everything just because there's a war on.
"Music takes people's minds away from these things. Get a grip!
AT THE end of the day a lot of people have spent a lot of money supporting our event and us performing is a way of thanking them."
Many celebrities such as the Stereophonics and Miss Dynamite have shown their opposition to the government by recording anti-war songs and Elton whole-heartedly backs them and the Daily Mirror for its stand against the war.
"I'm proud of the stance you have taken," he said. "If Blair and Bush know more than they are letting on, they should tell us. It's a bloody disgrace. I just hope it comes to a swift conclusion with as few casualties as possible."
David, who went on last month's anti-war demonstration through London. agreed: "The Daily Mirror has provided terrific coverage, great pictures and an opposing point of view.
"The great thing about this country is we have a lot of newspapers and therefore a lot of different perspectives."
Elton added: "America is supposed to be the land of free speech, but that's all gone out of the window.
"I love America and spend a lot of time here, but if you speak out against the war you're considered a traitor by some."
Many Americans are boycotting French exports because they refused to back the US.
"Look at that thing that got passed in the Senate, re-naming French fries Freedom fries, Elton fumed.
"I know people say, "I'm never going to eat French fries again." Well, why just the French? What about the Germans?
"Why don't they say, "I'm never going to drive a Mercedes again?' Oh for f***'s sake, the whole thing stinks! Who's going to rebuild Iraq? The Americans, of course.
"America will profit from this as the whole work will go to American companies. It will be interesting to find out how many British companies get offered the chance."