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Iran Oil Ministry: Exports cut to Britain, France

MSNBC -- TEHRAN, Iran -- Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran's crucial fuel exports.

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Submitted Feb 19, 2012 By: Ticobird

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remay Champion Author Houston Posts:6,953 Points:2,114,690 Joined:May 2006	Message Posted: Feb 20, 2012 9:53:12 AM Ignore remay Report Abuse already posted! Iran Stops Oil Sales to UK, French Companies: Ministry cnbc -- Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday, in a retaliatory measure against fresh EU sanctions on the Islamic state's lifeblood, oil. (go to article) Submitted Yesterday By: jbob357 17 Comments
ktbaeohana Champion Author Las Vegas Posts:2,296 Points:420,700 Joined:Mar 2010	Message Posted: Feb 19, 2012 4:05:19 PM Ignore ktbaeohana Report Abuse They do not care what so ever.
TripleHs Champion Author Austin Posts:3,355 Points:915,140 Joined:Oct 2009	Message Posted: Feb 19, 2012 3:08:15 PM Ignore TripleHs Report Abuse wow, a fun game started
Van_Halen Champion Author Atlanta Posts:2,844 Points:639,505 Joined:Apr 2011	Message Posted: Feb 19, 2012 2:58:37 PM Ignore Van_Halen Report Abuse . MSLSD, how stupid they are. Last week Europe cut all ties with Iran and no longer import from them. So the idiot Oil Minister is trying to claim he cut England and France off and MSLSD is letting them get away with it because they are to liberal to report the real news that happened the week before.
Gas_Eyes Champion Author Dallas Posts:2,662 Points:641,935 Joined:Mar 2011	Message Posted: Feb 19, 2012 12:46:23 PM Ignore Gas_Eyes Report Abuse Their biggest European customer is Italy. Let us see what they do about Italy. Britain and France a relatively smaller customers who can easily get it somewhere else. Iran will be crippled if the can't sell their oil.
Nicoalbum Champion Author Ottawa Posts:6,002 Points:1,186,040 Joined:Jan 2010	Message Posted: Feb 19, 2012 12:22:52 PM Ignore Nicoalbum Report Abuse No big deal.
playtimeCLE Champion Author Cleveland Posts:8,545 Points:1,541,450 Joined:Nov 2008	Message Posted: Feb 19, 2012 11:50:52 AM Ignore playtimeCLE Report Abuse This is a desperate act by a desperate country. Not as desperate as when Iraq started their oil on fire. but a very desperate act for sure.
leraar2 Champion Author Massachusetts Posts:3,749 Points:784,755 Joined:Mar 2011	Message Posted: Feb 19, 2012 11:37:20 AM Ignore leraar2 Report Abuse better sooner than later.
kag2010 Champion Author Winnipeg Posts:5,244 Points:1,017,810 Joined:Apr 2010	Message Posted: Feb 19, 2012 10:56:06 AM Ignore kag2010 Report Abuse I keep thinking about all of these fools chanting "WAR FOR OIL".
Eliano Champion Author Baltimore Posts:1,412 Points:388,100 Joined:Jun 2011	Message Posted: Feb 19, 2012 9:39:19 AM Ignore Eliano Report Abuse unusual move.
TXRanger09 Champion Author Dallas Posts:2,498 Points:889,265 Joined:May 2009	Message Posted: Feb 19, 2012 9:38:31 AM Ignore TXRanger09 Report Abuse I guess they expect India to purchase this extra oil. Although oil has never had a hard time finding a new home.
danindenver Champion Author Denver Posts:5,472 Points:1,235,495 Joined:May 2005	Message Posted: Feb 19, 2012 9:37:49 AM Ignore danindenver Report Abuse I keep thinking about all of these fools chanting "WAR FOR OIL". If we really had been fighting wars for oil, we would have taken them out before they attack us.
danindenver Champion Author Denver Posts:5,472 Points:1,235,495 Joined:May 2005	Message Posted: Feb 19, 2012 9:35:15 AM Ignore danindenver Report Abuse Oil is a highly fungible commodity. Nearly everyone in the civilized world uses it. Someone will buy it. Probably China
cmptrmush Champion Author Detroit Posts:3,600 Points:735,720 Joined:Feb 2011	Message Posted: Feb 19, 2012 9:00:26 AM Ignore cmptrmush Report Abuse Iran just shot themselves in the foot with this action. Without european buyers, Iran just severly limited their financial income. How do they expect to fund their actions now?