• Iran says it is not concerned about EU moves to ban Iranian oil imports and will withstand any such pressure as it has done in the past.   
  • Iranian Foreign Minister Ali Akbar Salehi said in Teheran that Turkey is the right place to hold talks on Iran’s nuke program.

  • Britain has said any attempt by Iran to close the Strait of Hormuz would be illegal and would not succeed.

  • The statement comes in the wake of reports that EU nations have agreed in principle to ban Iranian oil imports over its nuclear program.        

  • The European Union is the second-biggest destination for Iranian oil after China. It accounts for around 15 percent of the 2.6 million barrel oil exported by Iran each day.

  • Iran relies on oil sales for 80 percent of its foreign revenues