(Reuters) Simon Webb and Luke Pachymuthu - Oil trading firms Trafigura, based in Amsterdam, and Vitol, based in Switzerland, are stopping gasoline sales to Iran, industry sources said on Monday, joining BP, Glencore and Reliance Industries which have halted sales under threat of U.S. sanctions. Analysts say Iran would always find traders to sell it fuel, but the smaller list of suppliers means Tehran would have to pay higher prices. "Political pressure from the United States and its European allies is starting to make an impact and deter fuel trading with Iran," said IHS Global Insight Middle East energy analyst Samuel Ciszuk.
2010-03-09 08:27:13Full ArticleBACK Visit the Daily Alert Archive