Iran halted oil exports to Germany and imposed sanctions on 100 European companies, reports MIGnews. This was announced in an interview with Iran's Press TV Iranian Vice President of Trade Development Sosan move. He also reported on the termination of deliveriesto Italy.
About 18% of oil consumed in the EU comes from Iran. In German consumption, however, the share of Iranian oil is less than 1%, French - about 3%. Most of Iran's oil consumption in Greece, Spain and Italy. Meanwhile, Iran has strongly in the Asian market for its oil-free futures contracts.
Iran exports 2.5 million barrels per day. In the case of a complete cessation of Iranian supplies is assumed that oil prices could increase by $ 15 per barrel.
