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Sat Jan 28, 2012, 04:33 PM

Iran could ban EU oil exports next week

( host: pls. let me know if this is not approp. for this group and I will self delete)

"On Sunday, parliament will have to approve a 'double emergency' bill calling for a halt in the export of Iranian oil to Europe starting next week," Hossein Ibrahimi, vice-chairman of parliament's national security and foreign policy committee, was quoted as saying.

Parliament is pushing for the export ban to deny the EU a 6-month phase-in of the embargo on Iranian oil that the bloc agreed on Monday as part of a raft of tough new Western sanctions aimed at forcing Iran to curb its nuclear program.

The EU accounted for 18 percent of Iranian crude oil sales in the first half of 2011, according to the U.S. Energy Information Administration (EIA), making it Iran's second biggest customer after China."
http://www.reuters.com/article/2012/01/27/us-iran-sanctions-oil-idUSTRE80Q0GW20120127

That will NOT help Greece at all.
But makes sense for Iran to do it, in response to all the European supported financial sanctions on Iran.

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