Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Iran Stops Oil Sales to British/French Co's

edited February 2012 in Off-Topic
As of this morning:

http://www.cnbc.com/id/46445889
http://www.zerohedge.com/news/iran-stops-oil-sales-british-french-companies

"Exporting crude to British and French companies has been stopped ... we will sell our oil to new customers," spokesman Alireza Nikzad was quoted as saying by the ministry of petroleum website.

Comments

  • The EU announce back in November their intent to support sanctions against Iran, but were not invoking the new policy for a few months in order to give the smaller countries that were more dependent on Iranian oil to find alternatives. The UK and France had already curtailed most, if not all, purchases from Iran over this time frame. So, Iran is basically saying that they won't sell to Britain and France since Britain and France won't buy from them.
    Another non-story story by the lame-stream media.
Sign In or Register to comment.