no, but (irrelevantly speaking) you can SET TRANSACTION LEVEL ISOLATION SERIALIZABLE.
The reason for the no, is that Oracle by default provides a read-consistent view of data. The upshot of this design is that readers never block writers. Your question is moot, because it just is never a problem in Oracle.
Read-consistent views are in my opinion, one of Oracle's great strengths.
Thargtheslayer's answer is correct - Oracle doesn't support the "READ UNCOMMITTED" isolation level, but that's because it doesn't need it, not from a weakness in the product. Here is a link to a more detailed discussion of the available isolation levels within Oracle.
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