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Iran denies State TV reports of ending EU exports

The Iranian oil ministry has denied state media reports claiming it has ended exports to various EU countries in response to an EU oil embargo.

Press TV, an Iranian channel recently banned in the UK by Ofcom, claimed exports to the Netherlands, France, Greece, Italy, Portugal and Spain were cancelled.

The EU imposed an oil embargo on Iran last month, but it will only come into effect in July, due to the reliance of several EU states on Iranian oil.

Oil prices rose after Press TV’s report, but the European Commission said it would not make a difference as member states were already switching suppliers.

"Oil is something you can get on the international markets, and Saudi Arabia said they would increase their production," a spokeswoman for EU Energy Commissioner Guenther Oettinger, told the AFP news agency.

Iran threatens EU with sanctions - 29 Jan 2012

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