Iran threatens legal action over oil embargoJuly 5th, 2012 - 8:32 am ICT by IANS
Tehran, July 5 (IANS) Iran has called the Western sanctions “unproductive” and threatened to take legal action against the European oil embargo.
Chief of Iran’s Chamber of Commerce, Industry, Mines and Agriculture Mohammad Nahavandian said Wednesday that Iran may take legal action at the International Court of Justice in the Hague against Western sanctions, Xinhua reported.
The US and the European Union (EU) have imposed several rounds of sanctions to pressure Iran to give up its uranium enrichment activities. On Sunday, an EU oil embargo against Iran took effect.
An Iranian lawmaker Wednesday reiterated the threats that Iran would close the Strait of Hormuz in the Persian Gulf if Western sanctions against Iran increase.
“If we completely go under the sanctions, we will not let a single drop of oil pass through the Hormuz Strait,” said Arsalan Fathipour, head of the Economic Commission of Iranian Majlis.
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- Iran may stop Europe oil exports - Jan 26, 2012
- 'EU sanctions on Iran may push oil prices to $150' - Jan 30, 2012
- Oil jumps on Iran tension - Jul 04, 2012
- Pentagon warns Iran against blocking oil route - Dec 29, 2011
- Iran denies Greece 500,000 barrels of oil - Feb 26, 2012
- Iran seeks to halt EU oil exports - Jan 28, 2012
- EU accepts Iran talks offer - Mar 06, 2012
- Britain not ruling out military action against Iran - Jan 16, 2012
- Moscow urges Iran to respond to IAEA concerns - Feb 27, 2012
- 'Iran to stop oil exports to some EU members soon' - Jan 30, 2012
- US warships in Gulf 'sitting ducks' for Iran missiles - Jul 05, 2012
- 'EU ban to cause hefty economic loss to Europeans' - Jan 31, 2012
Tags: agriculture, chamber of commerce, commerce industry, court of justice, economic commission, european oil, european union, hague, hormuz strait, international court of justice, lawmaker, mohammad nahavandian, oil embargo, persian gulf, sanctions against iran, strait of hormuz, tehran, uranium enrichment activities, western sanctions, xinhua