An announcement in Iran’s state media makes it sound like a done deal: “Iran cutting oil export to six European states” in retaliation for those nations’ backing of an EU embargo on Iran. The states were named as Spain, Italy, the Netherlands, Portugal, Greece and France.
The announcement came with a caveat that Iran would be willing to sell to European companies that signed long-term agreements, so long as they were able to guarantee that payment would actually be made.
The problem is, no one apparently told Iran’s Oil Ministry. No one told any of the countries impacted either, and Spain reports that Iranian oil is still flowing into the country unaffected by the supposed embargo.
Iran’s parliament is expected to approve a bill to this effect next month, but the report appears to have been premature. Iran has increasingly been relying on India and China as export markets for their oil.
Last 5 posts by Jason Ditz
- US Drone Strikes Kill 31 People in Pakistan Tribal Areas - October 17th, 2017
- Catalonia Won't Renounce Independence, Despite Looming Deadline - October 17th, 2017
- Pentagon May Stop Training Iraqis Amid Kurdish Conflict - October 17th, 2017
- Kurdish Forces Abandon Territory In Face of Iraqi Offensive - October 17th, 2017
- Syrian Kurds Declare Victory in Raqqa, But Face Complicated Peace - October 17th, 2017