As at July 1, the EU embargo on Iranian oil is in place. The sanctions are aimed at pressurizing Iran to curb its nuclear program.
Digital Journal reported on June 26 that the Iran oil embargo would start on July 1.
According to Iran, these sanctions are not really a problem, as the country has been stockpiling money and goods as a buffer.
On Saturday, central bank governor Mahmoud Bahmani, told reporters that Iran is "easily" selling its oil despite the sanctions, as the U.S. has exempted some countries from penalties in dealing with Iran... read more and watch interview.
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