OIL PRICE CRISIS: Iran threatens to CUT OFF oil reserves to world

As it stated in Following Donald Trump's warnings of punishments for companies which purchase Iranian oil, President Hassan Rouhani warned Tehran could soon halt exports of oil to neighbouring countries. Yesterday the leading commander of Iran's Revolutionary Guard, an elite branch of the military, said he is prepared to follow presidential orders to halt Iranian oil exports. Major-General Qassem Soleimani said in a letter published on Islamic Republic News Agency (IRNA): "I kiss (Rouhani's) hand for expressing such wise and timely comments, and I am at your service to implement any policy that serves the Islamic Republic."And Esmail Kowsari, deputy commander of the Sarollah Revolutionary Guards base in Tehran, said: "Any hostile attempt by the U.S. will be followed by an exorbitant cost for them. "If Iran's oil exports are to be prevented, we will not give permission for oil to be exported to the world through the Strait of Hormuz."

Iran says Trump's oil ban on Iran is 'self harm' — SHANA

President Donald Trump's pressure on international firms not to buy Iranian oil will drive prices higher and end up hurting his own economy, a senior Iranian oil official said on Wednesday. Iran's OPEC governor, Hossein Kazempour Ardebili, said oil should not be used as a weapon or to make political gains, according to the Iran oil ministry news agency SHANA. "Trump's demand that Iranian oil should not be bought, and (his) pressures on European firms at a time when Nigeria and Libya are in crisis, when Venezuela's oil exports have fallen due to U.S. sanctions, when Saudi's domestic consumption has increased in summer, is nothing but a self harm," he was quoted as saying. "It will increases the prices of oil in the global markets," he said. "At the end it is the American consumer who will pay the price for Mr. Trump's policy," he added.

Iran oil war: Netherlands kicks Iranian embassy officials OUT amid furious Trump row

referring to A spokesman for Dutch intelligence confirmed two Iranian civilians were expelled from Holland in a statement. But when pressed for more details, refused. He said: "We can confirm that the Netherlands has expelled two persons accredited to the Iranian embassy. "We will not provide any further information."The news follows a threat by Iran to cut off oil reserves to the rest of the world in the wake of conflict with the US. Donald Trump recently warned of punishments for companies that purchase oil from Iran, which triggered a retaliation from President Hassan Rouhani who threatened to halt exports of oil to neighbouring countries.

collected by :Frank Ithan