Tuesday, February 7, 2012

Iran is ready to ban oil exports to Europe...... Looks like the Sanctions Backfired, who would of thought it

Tehran, Iran (CNN) -- Iranian lawmakers appeared ready to impose a ban on oil exports to Europe in retaliation for sanctions put in place by the European Union and the United States in January, state media reported Tuesday.

"Parliament is ready to stop oil exports to Europe," Iranian parliament speaker Ali Larijani said, according to the Fars News Agency.

Another member of parliament agreed, citing the demands of students who demonstrated on Monday.

"Parliament should take a revolutionary action and ban oil sales to Europe," said Mohammad Javad Karimi Ghodousi.

A military official said the sanctions don't really matter.

"Western sanctions are doomed (to failure) from the very outset and useless, as they are not economical in nature and their essence is official and bureaucratic," Brig. Gen. Mohammad Reza Naqdi, commander of Iran's Basij force, said. Read More