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02/19/12 2:50 PM

#69102 RE: C C #69092

Iran halts oil shipments to Britain, France
Iran’s oil ministry said Sunday that it has cut off oil exports to France and Britain in what officials described as the first in a series of punitive measures targeting “hostile” European countries for supporting economic sanctions against the Islamic republic.

The mostly symbolic move appeared aimed at blunting the political impact within Iran of a European oil embargo, set to begin in the summer. Iranian officials have sought to diminish the impact of losing European customers, who purchase up to about 18 percent of Iran’s petroleum exports.

http://www.washingtonpost.com/world/middle_east/iran-halts-oil-shipments-to-britain-france/2012/02/19/gIQAnLtUNR_story.html