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Responding to European Union sanctions on Iran’s banking and energy sectors, including a boycott of new oil contracts with Iran, the government said it would no longer export oil to Italy, France, Spain, the Netherlands, Greece and Portugal, the official Press TV reported. The announcement helped drive the price of crude to nearly $102 a barrel Wednesday, the Associated Press reported.
President Mahmoud Ahmadinejad was unveiling a total of three nuclear projects on Wednesday...
The third project is a line of new carbon fiber centrifuges, which state television said have more output and enrich uranium faster than older centrifuges.
State television said each of the projects would adhere to Iran’s nuclear slogan: “nuclear energy for all, nuclear weapons for none.”