04-23-2018  2:50 am      •     
The Skanner Report
  • 1
  • 2
  • 3
  • 4

NEWS BRIEFS

Think & Drink with Rinku Sen and Mary Li

Event takes place Wednesday, May 16, at Alberta Rose Theater ...

April 24 is Voter Registration Deadline for May 15 Primary Election

Tuesday, April 24, is voter registration and party choice deadline for May 15 Primary Election ...

Portland Libraries Celebrate National Poetry Month

April poetry events and recommended reading from Multnomah County libraries ...

PCRI Launches the Pathway 1000 Implementation Plan

Pathway 1000 a bold and ambitious 10-year displacement mitigation initiative ...

AG Rosenblum Launches New Resource on Oregon’s New Gun Safety Laws

One-page handout aims to educate Oregonians about the new law ...

U.S. & WORLD NEWS

OPINION

The Skanner News Endorsements for May 2018 Elections

Read The Skanner News' endorsements for Multnomah County, Portland City Council and more ...

Will HUD Secretary Ben Carson Enforce the Fair Housing Act?

Julianne Malveaux questions HUD Secretary Ben Carson’s ability to enforce the Fair Housing Act ...

Waiting While Black in Philadelphia Can Get You Arrested

Reggie Shuford on the daily indignities African-Americans face in Philadelphia and around the country ...

Black People Must Vote or Reap the Consequences

Jeffrey Boney on the importance of voting in the Black community ...

AFRICAN AMERICANS IN THE NEWS

ENTERTAINMENT

Nasser Karimi the Associated Press

TEHRAN, Iran (AP) -- Tehran is considering extending an oil embargo on France and Britain to other European countries, a semiofficial Iranian news agency reported Monday.

The head of Iran's state oil company Ahmad Qalehbani was quoted by Mehr as saying that the country would stop selling crude to nations who take action against Tehran.

"If the hostile acts of some other European countries continue, oil exports to these countries will be cut," he said.

Iran announced the cut-offs to France and Britain on Sunday, a pre-emptive retaliation for an EU embargo over Tehran's controversial nuclear program that is scheduled to go into effect in July.

Since the embargo was announced last month, Iranian officials have said that Tehran should enact its own sanctions immediately, before European countries lined up alternative suppliers.

The news sent oil prices to a nine-month high, reaching $105 per barrel in Asia on Monday.

Qalehbani predicted the prices could rise even higher. "The current situation of the market shows that there is a probability of oil price passing $150 per barrel," he said.

Iran says Spain, the Netherlands, Greece, Germany, Italy and Portugal are among its European customers.

Some of these countries may no longer be importing Iranian oil. France has played down the impact of Tehran's action, saying French oil companies already have stopped purchases of Iranian crude.

Qalehbani said demand for Iran's oil has increased in recent weeks, saying that Iran seeks "unconditional" contracts. He did not elaborate, but the Iranian media has previously mooted the idea of having buyers sign long-term contracts before they are allowed to purchase any oil at all.

Meanwhile, Iran's Foreign Minister Ali Akbar Salehi predicted that bitterness between Iran and EU countries will not last long. "Relations between Iran and Europe cannot remain idle for a long period," the official IRNA news agency quoted him as saying.

"European countries cannot continue without needing Iran, nor can Iran believe that it doesn't need Europe, since we are complementary parts of each other," Salehi said.

The 27-nation EU accounts for about 18 percent of Iran's oil exports.

The EU sanctions along with other punitive measures imposed by the U.S. are part of Western efforts to derail Iran's disputed nuclear program, which the West fears is aimed at developing atomic weapons. Iran denies the charges, and says its program is for peaceful purposes.

© 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

Oregon Lottery
Calendar

Photo Gallery

Photos and slide shows of local events

The Skanner Report