Iranian parliament looking to cut oil exports to Europe

[old steel]

I guess they poked the wrong dog with their stick this time.

http://www.mehrnews.com/en/newsdetail.aspx?NewsID=1517311

TEHRAN, Jan. 25 (MNA) -- The Iranian parliament is discussing a plan calling for a halt to Iran’s oil exports to the European countries that voted for sanctions on Iran’s oil industry, MP Nasser Soudani has announced.

[old steel]

On a side note ...

WASHINGTON - The International Monetary Fund warned on Wednesday that global crude prices could rise as much as 30 percent if Iran halts oil exports as a result of US and European Union sanctions.

If Iran halts exports to countries without offsets from other sources it would likely trigger an "initial" oil price jump of 20 to 30 percent, or about $20 to $30 a barrel, the IMF said in its first public comment on a possible Iranian oil supply disruption.


http://www.jpost.com/IranianThreat/News/Article.aspx?id=255128