Iran threatens stop oil sales if sanctions tighten
Iran said on Tuesday it would stop oil exports if pressure from
Western sanctions got any tighter and it had a "Plan B" contingency
strategy to survive without oil revenues, Reuters reported.
"If sanctions intensify we will stop exporting oil," Iranian oil
minister Rostam Qasemi told reporters in Dubai.
"We have prepared a plan to run the country without any oil
revenues," he said, adding, "So far to date we haven't had any
serious problems, but if the sanctions were to be renewed we would
go for 'Plan B'.
"If you continue to add to the sanctions we (will) cut our oil
exports to the world."
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