Breitling Oil and Gas Morning Podcast #148 September 13th, 2012

The West has launched an “all-out … war” against Iran by imposing oil and banking sanctions on his country, Iran’s president charged this week.

In July, the European Union banned oil imports from Iran, just after the U.S. enacted tough measures against Iran’s central bank. The sanctions, aimed at curbing Iran’s nuclear development program, have severely harmed Iran’s economy.

Speaking on a live TV talk show, President Ahmadinejad said, “It is an all-out, hidden, heavy war.”

Ahmadinejad admitted that the West’s sanctions have created problems in oil exports and banking.

“There are barriers in transferring money, there are barriers in selling oil,” said Ahmadinejad.

“We are going ahead, and God willing we will succeed,” said Ahmadinejad. “We are removing” the barriers, he said, without saying how.

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