“European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said Wednesday, dealing a potentially heavy blow to Tehran just months before an Iranian election.
“A lot of progress has been made,” one EU diplomat said, speaking on condition of anonymity. “The principle of an oil embargo is agreed. It is not being debated anymore.”
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The best two paragraphs in this piece are right back to back:
“Tehran insisted it would have no trouble: “We could very easily replace these customers,” said S. M. Qamsari, International Director of the National Iranian Oil Company.
Iran’s biggest trading partner, China, has already cut its order of Iranian oil by more than half this month.”
i dont believe that for one minute. china will be buying that oil hand over fist. hell, after a while, the chinese will be able to name their own price on iranian oil.”i’ll take 5.50 gallon for 200 Alex, please”. ha.