Iran may revise its policy on oil supplies to global markets

Iranian Oil Minister Rostam Qasemi says Tehran may revise its policy about oil supplies to international markets if the hegemonic system proceeds with its efforts to exert more pressure on Iran’s oil industry and limit the country’s oil exports. “Lack of Iran’s oil in global markets can affect energy prices across the world and prepare the ground for the creation of a broad crisis in the West’s industrial economies,” Qasemi was quoted by Press TV as saying on Saturday. He added that adverse repercussions of such a move would have impact on the people in industrial countries saying, “We do not seek such an incident at all.” Qasemi emphasized that arrogant countries should be held accountable for the consequences of an increase in energy price.