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Jawad Jahangirzadeh:

Iran's oil embargo leads to global energy crisis

Service : Politic
Tehran, Nov 21 (ICANA) –Member of Iran's Majlis (parliament) National Security and Foreign Policy Commission Jawad Jahangirzadeh says that any embargo on Iran's oil industry will result in massive energy crisis in the world.
Monday, November 21, 2011 2:59:19 PM
Iran's oil embargo leads to global energy crisis

In an interview with ICANA on Monday, Jahangirzadeh said, "Through the recent IAEA board of governors meeting, the United States was trying to pave the way for new sanctions on Iran's central bank as well as the Iranian oil industry."

"However, other governments did not allow US officials to pass such a resolution, because they are aware of the huge repercussions that ensues the sanctions on Iran's oil industry's," he added.

Imposing sanctions on Iran's oil industry will create a huge vacuum in world's energy supply and no other oil producer, even the Saudi Arabia, will be capable of satisfying the global oil demands," he concluded.

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