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Iran warns it may use oil as weapon if interests attacked Iran's oil minister has warned that the country would use oil as a weapon if its interests are attacked, state television reported Sunday. "If the country's interests are attacked, we will use all our capabilities and oil is one of them," Kazem Vaziri-Hamaneh said on Saturday, the television reported. Iran is currently locked in a standoff with the international community over its nuclear program, facing the threat of sanctions if it does not accept a US-backed offer and halt sensitive nuclear work. Vaziri-Hamaneh warned about impact any sanctions on Iran would have in the oil market, saying the price of crude, currently around 70 dollars a barrel, risked going up to 100 dollars. "The world needs energy and understands the affect of oil sanctions against Iran on the market and no-one will make such an unreasonable decision," he added. The West fears Iran, which is OPEC's number two oil exporter, is secretly trying to build nuclear weapons, a charge denied by Tehran which insists its atomic program is purely for electricity-generation. ---------------------------------------------------
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