Azerbaijan, Baku, Feb. 19 /Trend/
Iran has stopped selling crude to British and French companies, the ministry's website reported Sunday.
"Exporting crude to British and French companies has been stopped ... we will sell our oil to new customers," spokesman Alireza Nikzad said.
Earlier Iran has warned that it may cut off oil exports to six European countries in response to the latest sanctions against the regime and also threatened to close the Strait of Hormuz, through which some 40 percent of the world's tanker-borne oil exports pass.
The EU formally imposed an oil embargo on Iran and agreed to a freeze on the assets of the Iranian Central Bank on January 23, but existing contracts will be honored until July 1.