The European Union’s embargo on Iranian crude oil plans will remain unchanged from July 1

Several European Union senior diplomats said on the 22nd that the EU will, as planned, begin a comprehensive embargo on Iranian crude oil since July 1.

The foreign ministers of the 27 EU countries reached an agreement in January this year to prohibit member states from importing Iranian crude oil to force Iran to stop controversial nuclear projects. According to this sanctions clause, EU member states must not sign a new crude oil import agreement with Iran; existing crude oil trade exchanges must be terminated before July 1.

In addition, the exemptions previously enjoyed by some European companies will all be cancelled. On the 22nd, the news agency reported on a news source who did not wish to be named. "No exemption will be postponed." He also said that the EU member states’ foreign ministers are committed to continuously assessing the situation. “If necessary,” EU officials will discuss the embargo again at the meeting in Luxembourg on the 25th.

EU member companies have previously been allowed to provide insurance for oil tankers carrying Iranian crude oil, and similar services will be terminated after the full embargo has been implemented.

"The key is to continue to put pressure on Iran. These measures are an important part," said another diplomat who did not wish to be named publicly. Iran’s attitude in the Iranian nuclear dialogue will change due to pressure from sanctions.

EU says it will embargo Iranian crude oil on schedule Several senior diplomats from the European Union said on the 22nd that the EU will, as planned, begin a comprehensive embargo on Iranian crude oil since July 1. The foreign ministers of the 27 EU countries reached an agreement in January this year to prohibit member states from importing Iranian crude oil to force Iran to stop controversial nuclear projects. According to this sanctions clause, EU member states must not sign a new crude oil import agreement with Iran; existing crude oil trade exchanges must be terminated before July 1.

In addition, the exemptions previously enjoyed by some European companies will all be cancelled. On the 22nd, the news agency reported on a news source who did not wish to be named. "No exemption will be postponed." He also said that the EU member states’ foreign ministers are committed to continuously assessing the situation. “If necessary,” EU officials will discuss the embargo again at the meeting in Luxembourg on the 25th.