nuclear-news

Threat to cut off oil exports- Iran – if there are more sanctions over its nuclear development

Iran threatens to cut off oil exports if sanctions imposed over nuclear activity Reuters  Dec 27, 2011 By Ramin Mostafavi TEHRAN — Iran threatened on Tuesday to stop the flow of oil through the Strait of Hormuz if foreign sanctions were imposed on its crude exports over its nuclear ambitions, a move that could trigger military conflict with economies dependent on Gulf oil.

Western tensions with Iran have increased since a November 8 report by the UN nuclear watchdog saying Tehran appears to have worked on designing an atomic bomb and may still be pursuing research to that end. Iran strongly denies this and says it is developing nuclear energy for peaceful purposes.

Iran has defiantly expanded nuclear activity despite four rounds of UN sanctions meted out since 2006 over its refusal to suspend sensitive uranium enrichment and open up to UN nuclear inspectors and investigators…..

Countries in the 27-member European Union take 450,000 barrels per day of Iranian oil, about 18 percent of the Islamic Republic’s exports, much of which go to China and India. EU officials declined to comment on Tuesday….. http://news.nationalpost.com/2011/12/27/iran-threatens-to-cut-off-oil-exports-if-sanctions-imposed-over-nuclear-activity/

December 29, 2011 - Posted by Christina Macpherson | Iran, politics international