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‘Iran stops oil exports to six EU countries’

  • Iran has stopped oil exports to six European states in retaliation for European Union sanctions imposed on the Islamic state's key export. 
  • Iran has stopped exporting oil to Netherlands, Greece, France, Portugal, Spain and Italy. 
  • Brent crude oil prices were up $1 a barrel to $118.35 shortly after the announcement. 
  • The EU's 27 member states have decided to stop importing crude from Iran from July 1 over its disputed nuclear program, which the West says is aimed at building bombs. Iran denies this. 
  • Iran's oil minister said on February 4 that the Islamic state would certainly cut its oil exports to "some" European countries.

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