Iran Halts Greek Oil Shipments After Bills Left Unpaid – UPDATE [REPORT] G Captain. Excerpts:
Iran stopped shipping oil to Greece and may halt supplies to Royal Dutch Shell PLC (RDSB.LN, RDSA, RDSB) over unpaid bills, Iran media said Friday, as the impact of sanctions widens. The news suggests a decline in Iranian oil exports last month may accelerate as banking sanctions add to an upcoming European ban on Tehran oil. That could lead to upward pressure on oil prices, which have recently surged to a four-year high.
The Mehr news agency said that, due to unpaid bills, Iran stopped deliveries to Greek refiners Hellenic Petroleum (ELPE.AT) and Motor Oil (MOH.AT). Greece has long been the European Union country relying the most on Iranian oil–sometimes for as much as a third of its supplies.
And:
Iran halts oil sales to two major Greek firms Tehran Times. Excerpts:
The Islamic Republic of Iran has terminated oil sales to two major Greek firms over their failure to pay for their crude purchases from Tehran, Press TV reports.
Iran’s decision to bar Hellenic Petroleum and Motor Oil Hellas from purchasing Iranian crude came after they defaulted on their purchases from Tehran.
The interruption of oil flow from Iran is expected to further deepen the financial crisis in Greece.
Oil prices have shot up in recent months in the wake of Iran’s decision to halt its crude exports to certain European countries in response to the European Union (EU) oil embargo on Tehran.
Iran has already cut oil exports to France and Britain in retaliation for the Western-led sanctions imposed on its oil industry.
Interesting. The EU/West imposes sanctions on Iran, hurting(?) it's economy. Iran refuses sales of oil to the weakest of EU members(Remember--If one goes, that starts the dominoes!), kickstarting Greece's economic death-spiral. And the whole world takes a few more steps to financial meltdown and all-out war. Neat, huh?
And the geo-political Circle of Life is complete. Until the next crisis manifests, drawing close The Inevitable, that is..
Iran stopped shipping oil to Greece and may halt supplies to Royal Dutch Shell PLC (RDSB.LN, RDSA, RDSB) over unpaid bills, Iran media said Friday, as the impact of sanctions widens. The news suggests a decline in Iranian oil exports last month may accelerate as banking sanctions add to an upcoming European ban on Tehran oil. That could lead to upward pressure on oil prices, which have recently surged to a four-year high.
The Mehr news agency said that, due to unpaid bills, Iran stopped deliveries to Greek refiners Hellenic Petroleum (ELPE.AT) and Motor Oil (MOH.AT). Greece has long been the European Union country relying the most on Iranian oil–sometimes for as much as a third of its supplies.
And:
Iran halts oil sales to two major Greek firms Tehran Times. Excerpts:
The Islamic Republic of Iran has terminated oil sales to two major Greek firms over their failure to pay for their crude purchases from Tehran, Press TV reports.
Iran’s decision to bar Hellenic Petroleum and Motor Oil Hellas from purchasing Iranian crude came after they defaulted on their purchases from Tehran.
The interruption of oil flow from Iran is expected to further deepen the financial crisis in Greece.
Oil prices have shot up in recent months in the wake of Iran’s decision to halt its crude exports to certain European countries in response to the European Union (EU) oil embargo on Tehran.
Iran has already cut oil exports to France and Britain in retaliation for the Western-led sanctions imposed on its oil industry.
Interesting. The EU/West imposes sanctions on Iran, hurting(?) it's economy. Iran refuses sales of oil to the weakest of EU members(Remember--If one goes, that starts the dominoes!), kickstarting Greece's economic death-spiral. And the whole world takes a few more steps to financial meltdown and all-out war. Neat, huh?
And the geo-political Circle of Life is complete. Until the next crisis manifests, drawing close The Inevitable, that is..
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