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Iran cuts off oil supplies to Britain, France

 
 
 
 
 
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The move was confirmed by the country’s Oil Ministry, with the spokesman saying that Iran will be “selling its oil to new customers”.

The decision is not expected to have a big impact, as France only bought three percent of its oil − 58,000 barrels a day − from the Islamic republic last year, and Britain buys less than 1 per cent.

But it was seen as a warning shot to other EU nations that are bigger consumers of Iranian oil, including Italy, Spain and Greece. The latter would be the most affected, should Iran go ahead with the cuts, as crisis-hit Greece gets more that 30 percent of its oil needs from the Islamic Republic.

As a whole, the bloc currently buys about 18% of Iran’s oil exports. Iran is the world’s 4th largest oil supplier, with China, India and Japan its largest buyers.

Earlier this month, Iran’s Oil Minister threatened to cut the Republic’s oil exports to “some” European countries. “We have our own customers … The replacements for these companies have been considered by Iran,” Nikzad said.

News of Iran cutting supplies to 6 EU member states caused a lot of concern in Europe – and in world’s markets, with the price of Brent oil jumping above $120 a barrel.

The move to cut supplies to France and Britain appears to be a response to the European Union decision to ban Iranian oil imports. The ban was introduced as a part of ongoing economic sanctions designed to force the Islamic Republic to give up its controversial nuclear program.

The measures have hit Iran’s economy hard, but Tehran has remained defiant and simply responded by ramping up its nuclear activities.

Last week, Iran said it had installed another 3,000 centrifuges to increase its uranium enrichment capabilities.

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6 Responses to " Iran cuts off oil supplies to Britain, France "

  1. o says:

    Iran has already got new custermers and the realy do pay in gold and if you have been keeping up with things some of the other countrys echnored the so called sanctions.
    With these new custetmers that are paying in gold and the old ones paying no attition to the santions … irans sufering will be mild if at all.
    Isreal should be made give up the americn nukes it has for the lies and war crimes they have comittied scence1948 by the russians ,and they should only be told once ..and if one whiper slips from there mouth .hit them with a full russan attack and make them gladly give them back to the u.s. because there asses would be so whipped …worse than lebonon fid to them in 2006

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    • Wayne, Missouri says:

      All of the responses sounds like something out of the bible. Go ahead, Russia, hit Israel and end up loosing all but a sixth of your army and those with you on the mountains of Israel. So, come on suckers.

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  2. o says:

    Russia please whip the shit out of these bastards the way you had to strightin up georga while nato and the u.s. had to stand by and watch for there attitude adjustment…and weall know that america was behind geroga because thry found american hardware there after they got threw bustin ther ass

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    Rating: +1 (from 1 vote)
    • geo says:

      Russia can’t whip anybody’s ass my friend. With what? With its old tanks and planes? Or its rusting navy? Don’t tell me about Russia’s nukes because everyone else has nukes. Stalingrad and Moscow are beautiful cities; don’t make Nato turn them into dust like it almost happened in ww2. Be careful what you wish on others.

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  3. o says:

    Geo
    Get real dude if that was true the zionist controled u.s. would have already invaded them and by the way did you that they have trained our troops how to be better fighters and learn how to be stronger and in reality there specal forces vs. The u.s. specal forces in hand to hand combat ,they won most of the time.sory if any specal forces officers get pissed off but facts are facts ….sory to be the bringer of bad news

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    • Jay says:

      No offense but attacking a country with nuclear weapons is stupid thats the only reason the US doesn’t attack Russia. And maybe partially the fact that Russia doesn’t really concern the United States.

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