Oil Price “fake & imposed”: Ahmadinejad

Iran’s president Ahmadinejad said, that the oil market is plentifully supplied and the rally to record high prices is “fake and imposed”. Iranian president also took aim at high energy taxes in consumer nations. He blamed the decreasing US dollar value and reiterated that oil should be sold in a basket of currencies rather than dollars. Iran has been accused by western nations of building nuclear weapons. Iran is the world’s fourth-largest oil exporter.