Iran General NewsIran may use oil as political tool-energy minister

Iran may use oil as political tool-energy minister

-

Reuters: Iran could use oil as a political tool in the event of any future conflict over its nuclear programme, Iran’s energy minister told Al Jazeera television.

DUBAI Nov 20 (Reuters) – Iran could use oil as a political tool in the event of any future conflict over its nuclear programme, Iran’s energy minister told Al Jazeera television.

Tension over Iran’s nuclear programme has increased since the International Atomic Energy Agency (IAEA) reported on Nov. 8 that Tehran appears to have worked on designing a bomb and may still be pursuing research to that end.

Iran has warned it will respond to any attack by hitting Israel and U.S. interests in the Gulf and analysts say Tehran could hit Western interests by closing the Strait of Hormuz, through which much of the world’s oil passes.

“We don’t consider crude oil as a political tool, however if necessary, we’ll use it as a tool any way we need to,” Rostam Qasemi said in response to a question in an interview translated into English by the Qatar-based news channel.

“Right now, we believe everything’s OK and that there is no need to use crude oil as a tool. However, I have to reiterate that in case we are urged to and in case we think it’s necessary, yes, we will use this,” he said in the interview posted on the television’s website on Saturday.

But Qasemi, a former commander of the elite Revolutionary Guards, said the Iranian economy was reliant on crude exports – which also depend on free passage through the Strait of Hormuz – and that he did not foresee any problems exporting it’s oil.

The Strait of Hormuz is the most important oil transit channel in the world, with some 15.5 million barrels or about a third of all sea-borne shipped oil passing through in 2009, according to the U.S. Energy Information Administration (EIA), and U.S. warships patrol the area to ensure the safe passage.

Most of the crude exported from Saudi Arabia, Iran, the United Arab Emirates (UAE), Kuwait and Iraq — together with nearly all the liquefied natural gas (LNG) from lead exporter Qatar — must slip through a four-mile (6.4 kilometre) wide shipping channel between Oman and Iran.

Around three-quarters of the crude emerging the Gulf is sent to Asia — mainly Japan, India, South Korea and China. (Reporting by Daniel Fineren; Editing by Mark Heinrich)

Latest news

Iranian People’s Resistance Changed the Appeasement Policy

Soon after the new US government started its obligations in January 2021, hand in hand with the European governments...

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Who Is Abolqasem Salavati Iran Regime’s Killer Judge?

Last week, it was announced that the case of several people who were arrested during the Iranian People's uprising...

Iran Revolution Characteristics

More than two months have passed since the start of the latest round of protests in Iran against the...

Iran’s Regime Is Unable To Eradicate Protests

Totalitarian governments, whether be it a monarchy or a clerical regime, and their international supporters are pursuing the same...

Must read

Iran favours talks with EU after Ramadan -Turkey

Reuters: Iran has expressed willingness to have talks with...

Petraeus says Iran weapons flow into Iraq rising

Reuters: The commander of U.S. forces in Iraq, Gen....

You might also likeRELATED
Recommended to you