Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Iran’s Salehi Calls on EU to Reconsider Oil Boycott, IRNA Says

Iran’s foreign minister called on the European Union to reconsider a ban on its oil set to start July 1, saying a confrontation over the nation’s nuclear program will yield no benefits, the Islamic Republic News Agency said.

“We are used to sanctions; it isn’t new,” Ali Akbar Salehi said yesterday during a visit to Cyprus, the official state news agency reported. “We hope that the European Union takes this into account and acts with more rationality.”

The EU boycott of Iran oil, aimed at derailing the Persian Gulf state’s nuclear-enrichment program, will come into effect after a third round of nuclear talks this year between Iran and world powers failed to reach a breakthrough. EU foreign policy chief Catherine Ashton confirmed two days ago that the sanctions will begin as previously agreed by the bloc’s governments.

“No one will benefit from confrontation and we don’t see a reason for advancing on the wrong path,” Salehi told reporters after a meeting with Cypriot President Demetris Christofias, according to IRNA. “Iran and the EU can cooperate together.”

Iran says its nuclear program is civilian and its activities are lawful under the nuclear Non-Proliferation Treaty, to which it is a signatory. The U.S. and its western allies accuse it of developing nuclear weapons capability.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.