Reply to thread

Message: <blockquote data-quote="lkdood" data-source="post: 11910996" data-attributes="member: 92282">A senior member of Iran's parliament said on Monday the Islamic  Republic would close the entry point to the Gulf if new sanctions block  its oil exports, reiterating a threat made by officials a month ago that  caused a temporary oil price spike.              "If any  disruption happens regarding the sale of Iranian oil, the Strait of  Hormuz will definitely be closed," Mohammad Kossari, deputy head of  parliament's foreign affairs and national security committee, told the  semi-official Fars news agency.The European Union officially agreed to impose an embargo on Iranian oil, today. The AP reports that the union's 27 foreign ministers agreed on an immediate ban on new contracts for oil and existing contracts will be allowed to run through July 1.</blockquote>

Top Bottom