Sunday, February 19, 2012

Iran halts oil shipments to Britain, France

Iran’s oil ministry said Sunday that it has cut off oil exports to France and Britain in what officials described as the first in a series of punitive measures targeting “hostile” European countries for supporting economic sanctions against the Islamic republic.

The mostly symbolic move appeared aimed at blunting the political impact within Iran of a European oil embargo set to begin in the summer. Iranian officials have sought to play down the loss of the country’s European customers, who collectively consume about 18 percent of Iran’s petroleum exports.
Read the rest here.

1 comment:

attack on Iran said...

That's not going to make much of a difference I'd say. At this point, Iran should worry that SWIFT is about to ban Iranian ban ks from the entire international money transfer system between banks -