Iran calls on EU to review oil embargo decision

Reuters News
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Posted: Feb 04, 2012 3:58 AM
Iran calls on EU to review oil embargo decision

TEHRAN (Reuters) - Iran's oil minister called on the European Union to review its decision to impose sanctions on the Islamic state's oil exports and said that the international oil market was balanced.

"Unfortunately the EU has succumbed to America's pressure. I hope they would review their decision on sanctioning Iran's oil exports ... the oil market is balanced," Rostam Qasemi told a news conference.

(Writing by Parisa Hafezi, Editing by Jonathan Thatcher)