Iran may use oil as politic tool

"Well, I would like to mention that our economy does rely on oil. However, we don't foresee any difficulties in exporting our oil. We don't consider crude oil as a political tool, however if necessary, we'll use it as a tool any way we need to," Qhasemi said.

"We are not interested in using crude oil as a tool. And right now, we believe everything's ok and that there is no need to use crude oil as a tool. However, I have to reiterate that in case we are urged to and in case we think it's necessary: yes, we will use this," he added.

Iran is the third-largest oil exporter among the Organization of Petroleum Exporting Countries.

The Obama administration on Monday will name Iran, including its central bank, as a territory of "primary money laundering concern," say senior U.S. officials, in an effort to further pressure Tehran after recent disclosures about its alleged role in terrorism and nuclear weapons proliferation, The Wall Street Journal reported.