Iran threatens EU with sanctions
Iran has threatened to hit back at EU sanctions with its own embargo.
The move would pre-empt the EU ban on oil imports due to take effect in July and would hit struggling EU economies hard.
Mohammad Karim Abedi, a member of Iran’s National Security and Foreign Policy Commission, said a ban may last up to 15 years.
"We will change the threat into an opportunity for Iran and cut Iran's oil supplies to the Europeans for five to 15 years," Abedi was quoted as saying by Fars news agency on Sunday.