BREAKING NEWS

Iran raps 'psychological warfare' of oil sanctions

By REUTERS

JANUARY 23, 2012 18:43

TEHRAN - Iran on Monday rejected new sanctions imposed by the European Union on its oil as "psychological warfare", saying they would worsen the stand-off over the Islamic state's nuclear program.

The European Union banned imports of oil from Iran on Monday and agreed to freeze the assets of Iran's central bank, joining the United States in a new round of measures aimed at reining in Tehran's nuclear development program.

"European Union sanctions on Iranian oil is psychological warfare ... Imposing economic sanctions is illogical and unfair but will not stop our nation from obtaining its rights," Foreign Ministry spokesman Ramin Mehmanparast was quoted as saying by state television, referring to Iran's nuclear energy ambitions.

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