IRAN

European Dependence On Iran Oil Decreases, Tehran Embargoes UK And France

Iran announced on 19 February the imposition of a primarily symbolic embargo on its exports to the UK and France. This followed a warning issued by the Ministry of Petroleum on 15 February that Iran may stop the export of oil to six EU member states – France, the Netherlands, Portugal, Spain, Italy and Greece – if they comply with an EU boycott approved by the European Council on 23 January, which...