Iran stopped oil exports to the UK and France on Sunday (19 January) in what is seen as a pre-emptive move ahead of the EU’s sanctions against the regime.
The EU will stop importing Iran’s crude oil starting 1 July. It also sanctioned Tehran's petrochemicals industry and froze some of the Central Bank of Iran's assets.
The EU imports around 600,000 barrels of crude oil a day, the equivalent to 18 percent of all its daily oil energy needs, from the country. Most of the oil is shi...
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