Tomorrow, Iran’s Oil Ban to EU Will be Discussed

The bill that would cut off oil supplies to the EU will be discussed by the representatives from Foreign Ministry, Intelligence Ministry and Oil Ministry in Majlis National Security and Foreign Policy committee, on Tuesday.

Spokesman for the Majlis Energy Committee Emad Hosseini said on Sunday that no bill had been drafted and brought o Majlis in this regard but “what exists is an idea by lawmakers which [they] will pursue until a result is achieved.”

Also, Iran’s Oil Minister Rostam Qasemi says the Islamic Republic will soon stop crude oil exports to certain countries in the wake of the European Union’s decision to ban imports of oil from Iran.

During their latest meeting in Brussels on January 23, EU foreign ministers reached an agreement to ban oil imports from Iran, freeze the country’s central bank’s assets within EU, and ban sales of grains, diamonds, gold and other precious metals to Iran.

Meanwhile, Majlis is due to debate a bill this week that would cut off oil supplies to the EU in a matter of days, in response to the 27-member bloc’s decision to stop importing crude oil from Iran as of July.

In reference to the EU’s decision to embargo Iran’s oil, the lawmaker called the new sanction measures a “psychological war,” the implementation of which remains uncertain.