Ahmadinejad: West tries to control oil resources

Iran's president on Thursday accused Western powers of trying to control the world's oil resources and creating a climate of fear that he said was forcing countries to stockpile weapons. "Many of the resources of nations are going to waste in a climate of fear, being pushed toward ... the production of arms and stockpiling of weapons," President Mahmoud Ahmadinejad said in a speech to Malaysian and Iranian business leaders. "The root cause of this is ... the excessive demands of certain ruling powers over certain parts of the world," said Ahmadinejad, who arrived here late Wednesday on a three-day visit.