Iran Says It Could Terminate European Oil Sales Next Week

This article addressed the statement made by Iran recently that they will be terminating oil trade with Europe. This is due to the ban of Iran's nuclear enrichment plans. Although Iran claims it is peaceful nuclear research for power, there is evidence that states otherwise. Europe decided to boycott Iranian oil as of July 1st. The lag of the boycott is to create a buffer zone as to not spike costs. Because of this, Iran might pull oil sales immediately. This could take effect as early as next week. Iran is also pushing many other oil exporters to join them in this.