Iran cuts oil exports to six EU countries

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Iran has stopped crude supplies to Spain, Italy, France, Greece, Portugal and the Netherlands, reports Iran’s Press TV.

­Tehran has fulfilled its threat to retaliate for the EU’s oil embargo, agreed by the bloc on January 26. The sanctions gave the EU members time till July to find new suppliers.

Officials within Iran immediately called to cork the black gold stream to Europe, targeting economies weakened by the ongoing financial crisis. On Wednesday, these calls became reality.

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Posted on February 15, 2012, in Asia, Economic Sanctions, Europe, France, Greece, Iran, Italy, Middle East, Netherlands, Portugal, Spain and tagged , , , , , , , , , , , , . Bookmark the permalink. Comments Off.

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