BREAKING: Iran has just halted oil exports to the EU (during the EU’s coldest winter in 33 years)

January 27th, 2013

Iran has banned crude oil and gas exports to the European Union (EU) in retaliation for the 27-nation bloc’s embargo on the Iranian energy sector.

“Exports of crude oil, [natural] gas liquids (NGL) and gas condensate to the European countries which have taken hostile stances on Iran will be halted until further notice,” Oil Ministry Spokesman Alireza Nikzad-Rahbar said Sunday.