Iran Halts Oil Sales to U.K., France Before EU Bans Imports
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Iran stopped sales of crude to French and British buyers to pre-empt a European Union ban on imports of its oil and as OPEC’s second-biggest producer negotiates contracts to supply China.
Iran “will give its crude oil to new customers instead of French and U.K. companies,” the Shana oil ministry news website reported, citing Alireza Nikzad Rahbar, a ministry spokesman.