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Iran Cuts Off Oil Exports to 6 EU Countries

Move comes in response to sanctions
Posted Feb 15, 2012 7:27 AM CST
Iran Cuts Off Oil Exports to 6 EU Countries
Iranian President Mahmoud Ahmadinejad, gestures, as he speaks with media during his press conference in Tehran, Iran, Monday, April 4, 2011.   (AP Photo/Vahid Salemi)

Iran is having quite the day: In addition to trumpeting its recent nuclear achievements, it also thumbed its nose at EU sanctions "against Iran's energy and banking sectors" by cutting off oil exports to six European countries. The Netherlands, Spain, Italy, France, Greece, and Portugal are the affected countries, reports the AP. Iran's oil minister had recently warned that just such a move could occur. The Wall Street Journal notes that the news sent Brent crude-oil futures to a six-month high.

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