Iran Finalizes Bill To Ban EU Oil Exports


An Iranian lawmaker says the Majlis (parliament) Energy Committee

has finalized a draft bill to stop the country’s oil exports to EU member states

in reaction to the bloc’s recent decision to ban oil imports from Iran.

Nasser Soudani, deputy chairman of the committee, said on Saturday

that the double-urgency bill for halting Iran oil exports to Europe had been finalized in four clauses.

“According to one of the main clauses,

the Islamic Republic of Iran will halt all oil exports to European countries

as long as they continue to ban oil imports from Iran,” he added.

The lawmaker said the bill may undergo further modifications

as some Iranian parliamentarians believe that oil exports to EU should be stopped for five years.

Read the rest here

[ The following is commentary from ]

If the coming devolution of the Euro won’t throw the Eurozone under a bus,

this oil embargo most likely will.

The Iranian leadership understands this, but I wish they would have thought it through just a little longer,

and for the following reasons.

The next step in retaliation from the West and Israel may possibly be some non-UN sanctioned no-fly/no ship zone

to prevent any Iranian oil from reaching anywhere.

For a week now on Oahu, Mike and I have heard highly unusual amount of heavy military aircraft overhead,

and US Naval forces are already pre-positioned very close to the Persian Gulf.

Such a “no fly/no shipping embargo will cause the Iranians to close the Gulf of Hormuz in response.

Unfortunately, that is precisely what the US and the UK governments have warned that they will not allow to have happen,

but what they desperately want to have happen, in order to blame the Iranians for starting the hostilities leading to a war

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