[QODLink]
Talk to Al Jazeera
Rostam Qasemi
Iran's oil minister says oil could be used as a political tool, if necessary.
Last Modified: 19 Nov 2011 13:25

The new head of the International Atomic Energy Agency has unveiled a hawkish stance towards Iran.

The IAEA's new report claims to show "credible" information of activities relevant to an Iranian nuclear weapons programme, prompting fresh threats and warnings from Israel's Prime minister Netanyahu.

At the same, the leading US Republican candidates running for presidency are competing to outdo each other in promising aggressive action against the Islamic Republic.

The oil markets are watching the political rhetoric with a sense of unease; another US led war in the Middle East will have far-reaching consequences for global supplies.

But what does Iran have to say about all this? What will it do in the event of conflict, and in particular, how does it see oil supplies being affected?

With international leaders discussing the propsects of an attack on Iran, Talk to Al Jazeera's Teymoor Nabili sits down with Iran's Oil Minister, Rostam Qasemi, to discuss the current threat and its implications for the oil market. 

Although the minister says Iran does not want to use its vast oil resources as a political tool in a crisis, he says Iran would use it, if necessary.

"Well, I would like to mention that our economy does rely on oil. However, we don't foresee any difficulties in exporting our oil. 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.

We are not keen on using oil as a political tool and really we don't see any difficulties that would prompt us to use oil as a political tool. 

We are not interested in using crude oil as a tool. And 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." 

Rostam Qasemi, Iran's oil minister

 

Talk to Al Jazeera airs each week at the following times GMT: Saturday: 0430; Sunday: 0830 and 1930; Monday: 1430.

Click here for more Talk to Al Jazeera.
Source:
Al Jazeera
Topics in this article
People
Country
Organisation
Featured on Al Jazeera
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Colleagues of detained Al Jazeera journalists press demands for their release, 100 days after their arrest in Egypt.
Mehdi Hasan discusses online freedoms and the potential of the web with Wikipedia founder Jimmy Wales.
A tight race seems likely as 814 million voters elect leaders in world's largest democracy next week.
Featured
Since independence, Zimbabwe has faced food shortages, hyperinflation - and several political crises.
After a sit-in protest at Poland's parliament, lawmakers are set to raise government aid to carers of disabled youth.
A vocal minority in Ukraine's east wants to join Russia, and Kiev has so far been unable to put down the separatists.
Iran's government has shifted its take on 'brain drain' but is the change enough to reverse the flow?
Deadly attacks on anti-mining activists in the Philippines part of a global trend, according to new report.
join our mailing list