BREAKING NEWS

EU undeterred by Iranian threat to cut oil supply

HONG KONG - The European Union trade commissioner brushed off on Thursday the potential impact of any Iranian suspension of oil supplies saying such a threat would not sway Europe from its opposition to Iran acquiring nuclear weapons.
Iran's English language Press TV had said Iran had halted oil deliveries to France, Portugal, Italy, Greece, Netherlands and Spain -- its biggest EU customers -- in retaliation for an EU ban on Iranian crude due to take effect in July.
But Iran's Oil Ministry denied the state media report.
The European Union's trade commissioner, Karel De Gucht, said Europe would adapt to the impact of any Iranian action and Europe remained committed to halting Iran's nuclear weapons program.
"If they were to cut it off earlier, we would accommodate quicker, that's what we'd do," he told a group of business people and journalists in Hong Kong after a trip to Beijing.
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