This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 4 °C Monday 20 January, 2020
Advertisement

Iran says it may extend oil cut to more EU countries

Iran halted oil shipments to Britain and France yesterday, in an apparent pre-emptive blow against the EU after it imposed sanctions on Iran’s crucial fuel exports.

File photo shows an Iranian oil worker repairs a pipe at an oil refinery in Tehran
File photo shows an Iranian oil worker repairs a pipe at an oil refinery in Tehran
Image: Vahid Salemi/AP/Press Association Images

AN IRANIAN semiofficial news agency says Tehran is considering extending its oil embargo on France and Britain to other European countries.

The Monday report by Mehr quoted head of the National Iranian Oil Company Ahmad Qalehbani as saying that Tehran may stop crude exports to European Union members that continue “hostile acts” against Iran.

Qalehbani predicts that oil prices could possibly pass $150 per barrel, without specifying when.

Oil prices jumped to a nine-month high of nearly $105 a barrel on Monday in Asia after Iran announced the halt on exports to Britain and France.

Iran imposed the cuts pre-emptively in retaliation for EU sanctions scheduled to go into effect in July to pressure Tehran over its controversial nuclear programme.

Iran halts oil exports to Britain and France>

Diplomats reveal: Iran ‘poised for major nuclear expansion’>

EU, US cautiously optimistic on Iran’s offer for nuclear talks>

  • Share on Facebook
  • Email this article
  •  

About the author:

Associated Press

Read next:

COMMENTS (19)