Azerbaijan, Baku, Dec. 7 / TrendM. Moezzi/
Threats to boycott Iran's oil industry are nothing else than slogans and propaganda and would drive oil prices by 40 percent even before implementation, Shana news quoted a conservative member of the Iranian parliament as saying.
Given the West's reliance on Iran's oil, there is no chance that a boycott would actually go forward, Salman Khodadadi said. Iran has extensive business connections with Western countries, including European Union (EU) countries and a boycott would paralyze the West before it could harm Iran.
Iran doesn't share the majority of its oil to EU countries, its biggest customers are China, India and many other nations that aren't controlled by the EU, Shaha reported Khodadai saying.
The EU published a boycott list of 180 Iranian individuals and entities, but no agreement was reached on sanctions against Iran's oil sector on Nov. 29.