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February 18th, 2012 
FAKE NEWS for the Zionist agenda “The leaders of the European Union have imposed a ban on Iran’s crude oil at a time when Europe is grappling with an economic crisis, but the sanction will have serious consequences for the global economy,” Mohammad-Reza Saberi said on Saturday, adding that from the moment the issue of the Iran oil ban was raised it resulted in an increase in oil prices.
He also added if the European states bring the embargo imposed against Iran oil sector into force, they will definitely face serious problems.
On the New Year’s Eve, the United States imposed new sanctions against Tehran aimed at preventing other countries from importing Iran’s oil and doing transactions with its central bank.
The European Union foreign ministers also approved sanctions against Iran on January 23, including a ban on Iranian oil imports, a freeze on the assets of the country’s Central Bank within the EU states and a ban on selling diamonds, gold, and other precious metals to Tehran.
The sanctions will become fully effective on July 1, 2012, to give EU member states enough time to adjust to the new conditions and find alternative crude oil supplies.
“Given the present status of global economy, undoubtedly, the European countries cannot put up with cutting oil imports from Iran,” Saberi added.
The United States, Israel and some of their allies accuse Tehran of pursuing military objectives in its nuclear program and have used this pretext to push for four rounds of UN sanctions and a series of unilateral sanctions against the Islamic Republic.
Iran has refuted the allegations, arguing that as a committed signatory to the nuclear Non-Proliferation Treaty and member of the International Atomic Energy Agency, it has the right to use nuclear technology for peaceful use.
MR/PKH
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