Iran would 'never' use oil as an economic weapon

By ASSOCIATED PRESS
September 13, 2006 17:54

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Iran's oil minister on Wednesday denounced suggestions that his country might use oil as an economic weapon as "baseless," reaffirming Teheran's commitment to supplying crude markets despite its standoff with the West over its suspect nuclear program. Kazem Vaziri Hamaneh told an OPEC conference in Vienna that Iran - the 11-nation cartel's No. 2 producer behind Saudi Arabia - kept its crude exports flowing even during its long war with Iraq in the 1980s and would not use its oil as a political lever now. "OPEC and Iran are committed to ensuring oil supplies," he said during a panel discussion. Iran, the world's fourth-largest producer, pumps roughly 4 million barrels a day.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Bushehr nuclear Iranian
August 5, 2014
Iran and the bomb: The future of negotiations

By YONAH JEREMY BOB