Iran halts crude oil sales to U.K., French cos

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Forum Policy

Return to Index

TFC Commodity Trading Forum

Iran halts crude oil sales to U.K., French cos (by Sam Mamudi)

NEW YORK (MarketWatch) -- Iran's Ministry of Petroleum said Sunday the country has halted sales of crude oil to British and French companies. European Union states have agreed to stop importing Iranian crude from Jul. 1. A U.K. government official told the BBC Iran's move would have no impact on U.K. energy security. The news service quoted AFP as saying that in 2011 France bought 3% of its oil, or 58,000 barrels per day, from Iran. The U.K. imported even less, said the BBC.

Forum Policy

Return to Index