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February 19, 2012 1:07 pm

Iranian Oil Exports to Britain and France Halted

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Grand Ayatollah Ali Khamenei, the current Supreme Leader of Iran.

UPI – TEHRAN, Feb. 19 — Iranian officials said crude oil sales to Britain and France had been cut off amid a dispute over economic sanctions.

A spokesman for the Oil Ministry said Tehran didn’t need the business and had new customers lined up for the barrels.

“Exporting crude to British and French companies has been stopped,” the unidentified spokesman said on the ministry Web site. “We will sell our oil to new customers.”

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