Iran Halts Oil Exports to Six EU States
Iran has halted oil exports to six European states in retaliation for European Union sanctions against Iranian imports that will go into effect in July.
English-language Press TV reported Wednesday that Iran has stopped exporting oil to the Netherlands, Greece, France, Portugal, Spain, and Italy.
The EU’s 27 members have decided to stop importing crude from Iran, beginning in July, as punishment for its continuing an unauthorized nuclear program, the purpose of which the West suspects is to build a bomb.
Brent crude oil prices jumped $1 a barrel to $118.35 shortly after Iran’s announcement.
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