Iran stops oil sales to British, French companies | Reuters

“Exporting crude to British and French companies has been stopped … we will sell our oil to new customers,” spokesman Alireza Nikzad was quoted as saying by the ministry of petroleum website.

The move appeared to be in retaliation for a decision by the European Union in January to stop importing crude from Iran from July 1 over its disputed nuclear program […]

Iran’s oil minister said on February 4 that the Islamic state would cut its oil exports to “some” European countries.

“We have our own customers … The replacements for these companies have been considered by Iran,” Nikzad said.