The Iranian parliament, Majlis, will take up a bill to cut Iran’s oil exports by one-third over last year’s average. Meanwhile, Iran’s oil minister warned the West that if the current sanctions continue to be enforced, Iran will stop oil exports altogether. (Mehr News Agency, 5 November).
Note: The country’s oil exports are already cut in half due to EU/US sanctions, making the move by the Majlis mute. Also, the stated purpose of the sanctions is to limit Iran’s ability to export its oil, making the oil minister’s threat to cut exports if the sanctions continue a bit amusing!