IRAN VOWS TO HALT OIL EXPORTS TO EU

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STORY: IRAN VOWS TO HALT OIL EXPORTS TO EUDATELINE: Jan. 30, 2012LENGTH: 0:00:42LOCATION: TehranCATEGORY: POLITICSVOIran's oil minister has said his country will soon stop oil exports to certain members of the European Union.*****Rostam Qasemi on Sunday said the decision was made in response to the EU's recent oil embargo against Iran.He said the EU sanctions will take a heavy toll on the European people.The minister said the embargo would not create a problem for Iran's oil exports even if sales to Europe were halted. The embargo comes into force in July 1. Major EU importers of Iran's oil, such as Greece, Italy and Spain, have until then to find alternative oil suppliers. Tehran has threatened in retaliation to close the Strait of Hormuz, a key shipping lane for the trade.
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Producer : Xinhua News Agency

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