February 20, 2012 7:45 PM

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Iran to cut oil to more EU nations<br/>

Iranian Deputy Oil Minister Ahmad Qalebani today said that the Islamic republic will possibly cut its oil exports to six other European Union states, including Portugal, Spain, Greece, Italy, Germany and the Netherlands. A local local news agency quoting the Oil Minister said, if the hostile measures of some other European countries against Iran is continued, the oil exports to these countries will be stopped. The Minister said if the EU states stop &quot;the hostile measures,&quot; Iran is ready to renew its oil contracts with those countries. Iran yesterday announced that it had stopped oil exports to British and French companies.

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