Iran cut off oil sales to British companies yesterday after Foreign Secretary William Hague accused the Islamist regime of promoting terrorism. The oil ministry in Tehran announced that it had ceased all sales to the UK and France, escalating diplomatic tensions triggered by Iran’s nuclear programme.The move will have little effect on British firms, which get well under 1 per cent of their oil from Iran since the European Union has already slapped sanctions on the country and has vowed to stop buying all Iranian oil by July.
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