Iran Pledges To Defy Western Embargo


TEHRAN, Feb. 4 (UPI) — Iranian Oil Minister Rostam Qassemi said Iran will hold firm on defiance of pressure from foreign countries to abandon an alleged nuclear weapons program.

“We will not give up our righteous stance,” Qassemi said at a news conference.

The Fars News Agency said Qassemi took the position that an oil embargo against Iran was “completely impractical … since it will leave severe impacts on the world oil market.”

The European Union has said it would join the embargo led by the United States. The EU has said it would wait until midsummer to join, which would give time for other producers to make up the difference in oil supplies that will be lost when it drops Iran as a supplier.

Iran, in turn, is working on a law that would, in retaliation, ban exports to Europe.

Iran’s government-supported Islamic Republic News Agency said Qassemi reiterated that pledge.

“Iran will cut oil export to certain countries and supply of oil will continue to other European countries which have contracts on purchase of oil from Iran,” he said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.