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Iran denies cutting oil from EU
ByJPOST.COM STAFF
April 19, 2012 12:44

Contrary to earlier reports, the Iran has not halted oil sales to European markets, the Islamic Republic's Oil Minister Rostam Ghassemi said on Thursday, according to AFP.

“We are still selling oil to all of Europe except Britain and France,” Ghassemi said.



In early April, Iranian state-run Press TV reported that Iran had cut oil exports to Spain and was considering blocking sales to Germany and Italy.

“Exports to France and Britain have stopped. For the other countries the exports continue, although there are some financial problems in certain cases,” he said. The financial problems are the result of financial sanctions imposed on Iran over its nuclear program.

In February, the Belgium-based bank system SWIFT, which transfers funds internationally, cut Iran off.

Read the full story here.

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