Free Britannia

Iran has halted oil sales to British and French companies, the nation's oil ministry has said.

A spokesman was reported as saying on the ministry's website that Iran would "sell our oil to new customers".

European Union member states had earlier agreed to stop importing Iranian crude from 1 July.

The move is intended to pressure Tehran to stop enriching uranium, which can be used for civilian nuclear purposes but also to build warheads.

...

The EU oil embargo, agreed last month, was phased so member states that were relatively dependent on Iranian crude - notably Greece, Spain and Italy - had enough time to find alternative sources.

The bloc currently buys about 20% of Iran's oil exports, which account for a majority of government revenue.

However, Iran's Oil Minister Rostam Qasemi said that a cut in exports to Europe would not hurt Tehran...

http://www.bbc.co.uk/news/world-middle-east-17089953

Road fuel prices about to go up?

So the Iranians will sell their oil to other countries, who in turn will buy less from where they used to get it (presumably becuase the Iranians will have to offer them better terms), and thus the cohnties which used to supply those counties now buying Iranian oil will have to find new markets for their oil, which will most likely be the ones who used to buy the Iranian stuff.

Won't make any difference (except to Greece as the Iranians were giving them credit, when no one else will - still, they can't afford it anyway.

Excuse spellink and typos above

This thing doesn't have a spallchecker and I haven't quite mastered the keyboard thing yet.

And it's a right pain in the arse to make corrections so I'm not bothering.

Except for convincing evidence that the Israeli Government is completely insane and wants to get the US and British to bomb Iran and start a nuclear World War III, I am fairly convinced that the threats of War against Iran are in agreement with the Iranian Government.

The logic is quite simple. All interested powerful parties (including the Iranians) want to maintain as High an Oil Price as Possible. In the real world there is a Massive Recession which has been ongoing since 2008. Rather than being a shortage of oil, I am convinced there is a Massive Glut. Without this Iranian nonsense the Price of Oil would have crashed.

Tony

Bulldog wrote:Excuse spellink and typos above

This thing doesn't have a spallchecker and I haven't quite mastered the keyboard thing yet.

And it's a right pain in the arse to make corrections so I'm not bothering.

Welcome to the wonderful world of Android, Dog.

No spell checker, but you will already have discovered the marvelous word completion thingy. If I am not on my guard It turns "Dear Anthony" into "Dead Anchovy" when I email my son!

Bulldog wrote:Excuse spellink and typos above

This thing doesn't have a spallchecker and I haven't quite mastered the keyboard thing yet.

And it's a right pain in the arse to make corrections so I'm not bothering.

We'll bail you out of the bad dog box if the spelling police try to nab you.

Bulldog wrote:Won't make any difference (except to Greece as the Iranians were giving them credit, when no one else will - still, they can't afford it anyway.

Interesting quote here:

...Iran has stopped sales to British and French companies in retaliation against an embargo announced by the European Union that comes into effect from July 1. The world's fifth-largest exporter said it would sell to new customers.

But Southeast Asian refiners are unwilling or unable to take in Iranian crude, either due to issues related to the sanctions or their plants' inability to process the crude, which has a higher sulphur content.

"Sanctions are a big concern for us. The guidelines from the ministry are not to purchase crude from Iran because of the U.S. sanctions, so even if we are offered Iranian crude at a big discount, we would need to get the ministry's approval to buy," said a senior executive at a Thai refiner.

...

Southeast Asian buyers could indirectly benefit if Iran is forced to offer its crude at deep discounts, as it would weigh on prices of similar grades from the Middle East.

"We can have an indirect benefit if Chinese and Indians buy Iranian crude at a lower price. That will let us buy similar grade at lower prices," said the executive with the Thai refiner, which imports around 70 percent of its feedstock from the Middle East...

http://www.cnbc.com/id/46461507

Bestbear wrote:If I am not on my guard It turns "Dear Anthony" into "Dead Anchovy" when I email my son!

I'm sure Antimony doesn't mind.