Iran's determination to fight against the EU's fuel cut gauge

The Iranian Parliament and the Foreign Policy Committee Deputy Hussein Ibrahimi told the media on the 27th: “The Iranian parliament will pass a dual emergency bill on the 29th and may stop exporting oil to Europe from next week. The European oil imports from Iran account for 18% of Iran’s total oil exports. Once Iran stops oil supply, Europe will surely recognize Iran’s national power.” The EU first proposed “oil ban” and the EU foreign ministers’ meeting adopted a resolution on the 23rd. EU countries are prohibited from importing oil from Iran and sanctions are imposed on the Iranian Central Bank at the same time. However, in order to ease the pressure brought by the oil embargo measures, the resolution agreed that the contract that has been signed can be implemented until July 1 this year. During this period, EU countries will look for other "oil routes." Prior to this consultation, Saudi Arabia and other Middle Eastern oil producers have expressed their willingness to increase oil production to stabilize the international market after the EU embargoes Iranian oil. Iran’s “broken oil” preemptive strike If the Iranian parliament decides to immediately cut off oil from the European Union, it will directly lead to the EU’s default buffer period of abortion and impose a burden on the EU’s oil sources.

Iran’s preemptive countermeasures demonstrate its determination to fight the West. Statistics show that oil exports account for 80% of all Iranian export trade, and half of the government’s fiscal revenue is also derived from oil exports. The EU is Iran’s second largest oil export market. Due to the reduction of future oil exports, the government’s revenue may be reduced, and the government’s means of regulating Iran’s economic stability will also be weakened. Ahmadinejad said that lack of sincerity, Ahmadinejad expressed willingness to restart nuclear negotiations on the 26th, but at the same time believe that Western countries lack sincerity. EU’s senior representative for diplomatic and security policy, Ashton, sent a letter to Iran in October last year setting forth the conditions for restarting nuclear negotiations, including Iran’s commitment to stop the pace of enrichment.