Iran Cuts Crude Exports To Six European Countries

Tyler Durden's picture

Update 2: IRAN OIL MINISTRY DENIES STATE MEDIA REPORTS ON TEHRAN STOPPING OIL EXPORTS TO SIX EU STATES. I.E., total confusion

Update: Brent over $119; WTI over $102

PressTV has just issued a breaking news alert:

  • In response to the latest sanctions imposed by the EU against Iran's energy and banking sectors, the Islamic Republic has cut oil exports to six European countries
  • Iran on Wednesday cut oil exports to six European countries including Netherlands, Spain Italy, France, Greece and Portugal.

Still positive that China does not want Iran's crude? Oh, and congrats on just buying yourself record high gasoline prices Europe.

And making sure that Iran's message of defiance (thank you hyperinflation and no other alternatives) is heard loud and clear, Iran also announced "bright" developments in its nuclear program:

  • Iran's President Mahmoud Ahmadinejad will unveil the country’s latest nuclear achievements for peaceful purposes.

  • Deputy Secretary of Iran's Supreme National Security Council (SNSC) Ali Baqeri said the first domestically-produced nuclear rods will be placed at the Tehran Research Reactor on Wednesday.