[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
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Featured
US drones in Pakistan have killed thousands since 2004. How have leaders defended or decried these deadly planes?
Residents count the cost of violence after black American teenager shot dead by white Missouri police officer.
EU's poorest member state is struggling to cope with an influx of mostly war-weary Syrian refugees.
Study says tipping point reached as poachers kill 7 percent of African elephants annually; birth rate is 5 percent.
Zimbabwe's leader given rotating chairmanship of 15-member nation bloc a year after he won disputed presidential polls.
join our mailing list