West 'trying to control the world's oil': Iran

Iran’s president today accused Western powers of trying to control the world’s oil resources and creating a climate of fear that he said was forcing countries to stockpile weapons.

“Many of the resources of nations are going to waste in a climate of fear, being pushed toward the use for the production of arms and stockpiling of weapons,” visiting President Mahmoud Ahmadinejad said in a speech to Malaysian and Iranian business leaders.