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Iran Escalates Again, Cuts Off Oil Shipments To Spain

Zero Hedge
Tuesday, April 10, 2012

Those hoping for a quick and painless resolution to the Iranian question may have just seen their hopes dashed, following the breaking news from Iranian Press TV, according to which not only is Iran not seeking to appease its Western counterparts, but is, in fact escalating.

From Press TV: “Tehran has cut oil supply to Spain after stopping crude export to Greece as part of its countersanctions, unnamed sources confirmed on Tuesday.

Tehran also mulls cutting oil supply to Germany and Italy.” “Countersactions” – lovely: another Swiss watch plan by the insolvent developed world.

Said otherwise, one can hardly threaten to do something to a country, which is already doing so voluntarily, in the process hurting Europe’s already crippled economies even more by removing the cheapest source of energy for both. Which however begs the question: just how much more Iranian crude are China and India importing despite promises to the contrary, and open warnings from the US not to do so?

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