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Seyyed Emad Hosseini:

Oil war with Iran will cripple EU

Service : Politic
Tehran, Jan 27, (ICANA) – Spokesman for the Majlis Commission on Energy Seyyed Emad Hosseini warns that engaging in an oil war with the Islamic Republic will bring the EU to its knees.
Sunday, January 29, 2012 3:11:47 PM
Oil war with Iran will cripple EU

Iran will not allow even a drop of oil to be exported to the EU states in case of an oil war, said Hosseini on Thursday.

Iran, which has the third largest oil reserves in the world, cannot be removed from global energy transactions, he added.

Iran is a strong country and oil sanction against it will harm the EU because it will enable Tehran to ensure its oil dominance in the region, the legislator pointed out.

Hosseini stated that Europe will be the main loser in the oil war between Iran and the EU since the bloc will face additional pressure and internal crises after a halt to Tehran's oil exports.

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