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Iran raps "psychological warfare" of oil sanctions

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23-01-2012 | 13:38

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Iran raps "psychological warfare" of oil sanctions

Iran on Monday rejected new sanctions imposed by the European Union on its oil as "psychological warfare", saying they would worsen the stand-off over the Islamic state's nuclear program.

The European Union banned imports of oil from Iran on Monday and agreed to freeze the assets of Iran's central, joining the United States in a new round of measures aimed at reining in Tehran's nuclear development program.

The latest sanction by the European Union will be fully enforced by July 1, part of a potentially crushing range of measures against Iran's lifeblood oil industry that the West hopes will force Tehran to curb its nuclear activity.

Also on Monday, Deputy Foreign Minister Abbas Araqchi told the official news agency IRNA that the more sanctions were imposed on Tehran over its uranium enrichment work, "the more obstacles there will be to solve the issue".

Reuters

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