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Iran to stop oil exports to “some” countries soon

Iran to stop oil exports to “some” countries soon

Iran's oil minister said on Sunday the Islamic state would soon stop exporting crude to "some" countries, the state news agency IRNA reported.


January 30, 2012 3:23 by

“Soon we will cut exporting oil to some countries,” Rostam Qasemi was quoted by IRNA as saying.

Benchmark Brent crude prices rose to around $111.50 a barrel on Friday on expectations Iran’s parliament would vote to halt exports to the European Union as early as next week, in retaliation to EU plans to stop all Iranian crude imports by July amid deepening tension over Tehran’s nuclear programme.

Iran’s parliament on Sunday postponed the debate over the bill. (Created by Parisa Hafezi; Editing by Alison Williams)


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