Iran 'to confront' EU oil sanctions

The governor of Iran’s central bank has said his country will not remain “passive” before a new EU embargo on the country’s oil sector, adding that Tehran has enough hard currency reserves to meet its import needs.

Iran 'to confront' EU oil sanctions
Sun, 01 Jul, 2012 - 12:38

The governor of Iran’s central bank has said his country will not remain “passive” before a new EU embargo on the country’s oil sector, adding that Tehran has enough hard currency reserves to meet its import needs.

The report by the semi-official Mehr news agency quotes Mahmoud Bahmani as saying Iran will “confront” hostile policies.

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