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The price of oil in global markets hits a six-month high of nearly USD 120 a barrel as Iran says is cutting oil exports to six European countries.
On Wednesday Iran warned six European states, including the Netherlands, Spain, Italy, France, Greece and Portugal, that it is cutting oil exports unless long term deals are made and payments by EU states are guaranteed.
Originally posted by Mister_Bit
On Wednesday Iran WARNED six European states, including the Netherlands, Spain, Italy, France, Greece and Portugal, that it is cutting oil exports UNLESS long term deals are made and payments by EU states are guaranteed.
So... it's a bit of a non-story really
It's a bit like your electricity supplier cutting you off if you don't pay the bill... good for Iran I say.
IRAN DENIES BANNING OIL EXPORTS TO EU
Underlining the high stakes and at times nervous confusion arising from the nuclear stand-off, Iran's Oil Ministry denied a state media report that it had cut off oil exports to six European Union states. Brent crude oil prices jumped up $1 a barrel to $118.35 in reaction to the announcement.
That's a great picture but you have to wonder, after digging it out, where does he think he's going to be driving it?
Originally posted by JudgeDeath
reply to post by Mister_Bit
The only bills that are not going to be paid here are the heating bills of the old and unemployed, this is blackmail
Iran has already put pressure on India to defy USA sanctions and now it's the EU's turn Italy Spain and Greece rely heavily on Iranian oil, if Iran does cut off oil supplies to the EU the governments only have themselves to blame.
Deadly Cold Grips Europe