Iran cuts oil exports

Taher Shabani 05 February 2012 07:58:00 | 177 Views | 0 Comments

Iranian Oil Minister Rostam Qasemi said on Saturday that Iran will surely cease oil exports to some European Union countries. A decision by Iran to stop oil exports to some EU countries came after the 27-member bloc agreed to ban oil imports from Iran over its nuclear program. The decision will go into effect on July 1.