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Senior MP: Obama Needs Agreement with Iran for Reelection.

Summary: TEHRAN (FNA)- A senior Iranian legislator reiterated on Monday that US President Barack Obama needs to reach an agreement with Iran in the upcoming multilateral talks between Tehran and the six world powers in Moscow next month in a bid to win a second term in office.

"No international consensus will be made for any measure in the next 6 months and until the presidential election in the US, and at present it is the US which is in need of an agreement with Iran and attempts to lead the western sides to the same path," member of the Iranian Parliament's National Security and Foreign Policy Commission Mahdi Sanayee told FNA.

He also said that the Zionist lobby and the Republicans are trying hard to hinder any agreement between Iran and the world powers in the upcoming talks.

"Iran's nuclear negotiations has turned into a topic of the presidential campaign in the US and both electoral camps are following up on this issue," the legislator mentioned.

On Sunday, a senior advisor to former EU Foreign Policy Chief Javier Solana, who headed the delegations of the world powers in talks with Tehran before Catherin Ashton, had also reiterated that Obama wants the world powers' talks with Iran to continue in a bid to harness oil prices to secure a win in the upcoming presidential election.

"The Americans' motive for negotiation is keeping the situation calm to prevent Israel's unsolicited moves that might upset the electoral process in the United States," Alastair Crooke told FNA on Saturday, adding that the US policy on negotiations with Iran is an extension of Obama's reelection campaign.

Iran and the Group 5+1 (the US, Britain, France, Russia and China plus Germany) held several rounds of talks in Baghdad on Wednesday and Thursday. The Baghdad meeting came after Iran and the six world powers resumed talks in Istanbul, Turkey, last month and agreed to meet again in the Iraqi capital on May 23. The two sides are due to continue their negotiations in the Russian capital, Moscow, on June 18 and 19.

Crooke said the US policy of continued talks with Iran is also aimed at "stopping increasing tensions in the Middle-East resulting in escalation in oil prices".

"I think the increase in oil prices has a direct impact on particularly American thinking because it affects so much the constituencies that he is trying to win in order to get success in the presidential election," he said, adding that this is why the US and the Obama administration are attempting to prevent any tension in the region.

The standoff between Iran, the world's second-largest supplier of oil, and the West over the Islamic Republic's nuclear program has always been seen as a flashpoint that could sharply increase world crude prices.

The International Monetary Fund (IMF) had warned in April that crude oil prices may spike by up to 30 percent if Iranian supplies were disrupted by sanctions imposed by the US and EU over the country's nuclear program, causing "serious consequences" for the global economy.

"Clearly it would be a shock to economies if there was a major shortage of exports of oil out of Iran, it would certainly drive up prices for a period of time," (IMF) Managing Director Christine Lagarde said.

The International Monetary Fund (IMF) has calculated that an interruption in oil supplies from Iran could increase oil prices by 20 to 30 percent, said Lagarde.

"A sudden and brutal rise in the price of oil" from Brent crude's current levels of $125 a barrel "would have serious consequences on the global economy", she added.

Iran has been exporting about 3 million barrels of crude oil per day (bpd). It is the second largest oil producer after Saudi Arabia in the Organization of Petroleum Exporting Countries (OPEC).

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Publication:FARS News Agency
Geographic Code:7IRAN
Date:May 28, 2012
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