Tehran: President Mahmoud Ahmadinejad says the West`s sanctions on Iran`s oil sector are "ridiculous."
Ahmadinejad told a group of oil officials that only "politically retarded" governments would use badly needed oil as a tool of "political warfare" in opposition to Iran`s nuclear programme. His speech was broadcast on state TV on Tuesday.
Ahmadinejad`s remarks came after Congress pressed ahead late yesterday with a new package of sanctions on Iran, expanding financial penalties and targeting Tehran`s energy and shipping sectors in the hope that economic pressure will undercut the country`s suspected nuclear weapons program.
Iran denies it seeks atomic weapons.
Iran relies on oil for some 80 per cent of its foreign revenue.