Oil Counter Sanction
Responding to the sanctions imposed by the EU against its oil and banking sectors, Iran today announced that it has cut oil exports to the Netherlands, Spain, Italy, France, Greece and Portugal effective immediately. The EU had given its members, including the six, a grace period until July to stop their import of Iranian oil.
The ambassadors of the six countries were summoned to the Ministry of Foreign Affairs in Tehran late on Wednesday and were told of Iran’s decision [Fars News Agency, 15 February].
