Iran warns EU sanctions will lead to oil market chaos

摘要

Tehran-Iranian oil minister Rostam Ghasemi has reiterated a threat to halt oil exports to "hostile" EU nations and warned that the loss of Iran's oil will lead to market chaos, as US President Barack Obama tightened the screws with an unprecedented order targeting the Tehran government and its central bank. "I said last week that we will certainly cut our oil exports to some countries and those countries that are more hostile to us are targeted by this move," Ghasemi told a news conference February 4. He was asked whether Iran would carry out a threat to stop oil sales to Europe before an embargo on Iranian oil imports comes into force July 1.