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July 14th, 2012 
FAKE NEWS for the Zionist agenda Iran’s oil embargoes will definitely affect Italy, given its current unfavorable economic conditions, Alberto Bradanini told IRNA on Saturday.
Stating that Italy is one of the main buyers of the Iranian crude oil, the Italian diplomat reiterated that the sanctions will not affect Tehran, however, they would have [negative] consequences on the international oil markets.
According to Italy’s oil refining industry body Unione Petrolifera (UP), the European country raised crude imports from Iran to 425,200 tons in March from 401,600 tons in February, indicating a 6 percent increase.
Meanwhile, Brazilian Ambassador to Tehran Antonio Luis Espinola Salgado and Vietnamese envoy to Iran Tran Trong Khanh expressed their countries’ opposition to the West’s ‘unilateral’ sanctions against the Islamic Republic, saying the embargoes will harm the stability of the world oil markets.
On January 23, under pressure from the United States, the European Union (EU) approved new sanctions on Iran’s oil and financial sectors. The sanctions are meant to prevent EU member states from buying Iranian crude or doing business with its central bank. The sanctions went into force as of July 1.
The US and the EU have imposed tough financial sanctions as well as oil embargoes against Iran since the beginning of 2012, claiming that the country’s nuclear energy program includes a military component.
Tehran refutes such allegations, noting that frequent inspections by the International Atomic Energy Agency have never found any diversion in Iran’s nuclear energy program toward military purposes.
YH/AZ
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