The European Union rather than Iran will lose out under new EU sanctions banning Iranian oil, President Mahmoud Ahmadinejad said today as lawmakers said they might cut supplies to EU countries ahead of a July 1 deadline.
Iran's Foreign Ministry spokesman today denounced as "an antagonistic move" a tightening of US sanctions targeting Tehran's central bank and giving US banks new powers to freeze Iranian government assets, adding the measure will have no impact.
Iran has stopped oil exports to six European states in retaliation for European Union sanctions imposed on the Islamic state's key export, its English-language Press TV reported today.