Iran says it can last “years” of oil sanctions

Iran can last for “three years” without demand for its oil. President Mahmoud Ahmadinejad reportedly made the claim yesterday in what seems to be a show of strength in the […]

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By Vicky Ellis

Iran can last for “three years” without demand for its oil. President Mahmoud Ahmadinejad reportedly made the claim yesterday in what seems to be a show of strength in the face of EU sanctions, which are designed to pressure the Middle Eastern state into dropping its nuclear power programme.

President Ahmadinejad said: “Some people think that they can trouble Iran through oil sanctions but I should say that we have so much reserves that even if we don’t sell oil for two to three years, the country will be administered easily,” reported Iran’s Fars news agency.

The Iranian president’s bold statement came after the White House briefed reporters on Monday that the United States is holding out for “a conducive environment for concrete progress” at talks between Iran and the UN Security Council this weekend in Turkey.

The UN Security Council, also known as P5+1 for the five permanent members plus one, includes the UK, USA, France, Germany, Russia and China.

The White House representative said: “Iran needs to take steps to demonstrate that they, in a verifiable way, do not want to and will not pursue the acquiring of a nuclear weapon.

He added: “Regardless of what the Iranians have said about what their intentions are, no one on the international stage has faith in those assurances. So we need concrete steps taken by the Iranians to assure that they will forsake their nuclear ambitions – weapons ambitions.”