February 4, 2012
Iran has vowed to cut oil exports to some European countries in retaliation over the bloc’s recent decision to ban oil imports from the Islamic Republic.
It has not named the countries which will be affected, but officials insist it is a decision made in response to the EU deciding to stop importing Iranian crude oil as of July 1.
Iran’s Oil Minister Rostam Qasemi said today: ‘Our oil exports will certainly be cut to some European countries…. We will decide about other European countries later’.