Iran Focus: Tehran, Iran, Jun. 25 Irans Oil Minister issued a stark warning on Sunday that Tehran was prepared to use oil as a weapon in its dispute with the West over its nuclear program. Iran Focus
Tehran, Iran, Jun. 25 Irans Oil Minister issued a stark warning on Sunday that Tehran was prepared to use oil as a weapon in its dispute with the West over its nuclear program.
If the interests of the country come under attack, we will use all our resources and oil is one such option, Oil Minister Kazem Vaziri-Hamaneh told state television.
The world is in need of energy, Vaziri-Hamaneh said, adding that the worlds markets would suffer if sanctions were imposed on Iran.
He said that using the oil weapon would be advantageous to Iran if it faced threats.
He added that it would not be an easy task for the world to compensate for a cut of Iranian oil from the international market.
If Iran is put under an oil embargo, which is unwise and impossible, the price of oil will reach more than $100, he said.
