PaperBoy Posted January 27, 2012 Report Share Posted January 27, 2012 The decision of EU Member States on imposing an embargo on Iranian oil imports will especially hit Europe and, certainly, not Iran. The EU states have clearly forgotten that main consumers of Iranian oil are China and India, so these sanctions will only further embitter Tehran, which is about to cut off oil supplies to the EU. Moreover, Iran can put pressure on her OPEC partners, so that they raise the price for a barrel, thus putting Europe in a complete dependence not from Iran, but from all the major suppliers. Source: http://www.panarmenian.net/eng/details/90284/ Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.