Kherson, I read the same thing. The EU makes up only 15-20% of Irans oil exports, most of which (80%) goes to Greece, Italy, Spain and 1 other country. The 3 countries I listed are having a tough time getting credit for oil outside of Iran. How can the EU entertain an embargo which sacrifices 3 countries that are already in dire straights. Iran knows this and decides to call their bluff by enforcing their own embargo that will nullify the ability of the EU to draw off of current contracts till July.

However, I also read that Iran is wavering a bit on their position to enforce this embargo. Somebody rapped their knuckles?

Vimar