Friday, January 27, 2012

Iran Set to Turn Off Oil Supply to Europe

Iran is the fifth largest producers of oil in the world.
The European Union embargo on Iranian oil will only come into effect in six months, but the leadership in Tehran wants to act first: Exports to Europe are set to be halted immediately. It is a move which could mean added difficulties for struggling economies in southern Europe.
http://www.spiegel.de/international/world/0,1518,811507,00.html

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