Iranian President Mahmoud Ahmadinejad said Iran has enough funds to withstand a total embargo on its oil sales for several years, Iranian media reported on Tuesday.

"They (western powers) want to impose sanctions on our oil and we must say to them that we have that much saved that even if we didn't sell oil for two to three years, the country would manage easily," Ahmadinejad said during a visit to Hormuzgan province. - Reuters