Turkey to cut Iran oil imports, bows to outrageous U.S. blackmail pressures

Turkey said on Friday it will cut imports of oil from Iran by a tenth, ceding to U.S. pressure a week after Washington warned Tehran's customers they could incur U.S. sanctions unless they significantly reduce purchases.

Pressure from Washington and Brussels, which will slap a EU-wide embargo on Iranian oil from July as part of a campaign against Tehran's nuclear program, has led to a rally in oil prices this year as markets fear supply shortages.

The West's energy watchdog, the International Energy Agency, has warned that Iran might have to halve its exports by around 1 million barrels per day later this year because of the EU embargo and as its four biggest customers -- China, India, Japan and South Korea -- are also cutting imports.

http://www.reuters.com/article/2012/03/30/us-turkey-iran-oil-idUSBRE82T0KX20120330

Turkey to cut Iran oil imports, bows to outrageous U.S. blackmail pressures

Turkey to cut Iran oil imports, bows to outrageous U.S. blackmail pressures

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