So , we have seen a possible Iranian reaction to the US demands for the upcoming nuclear talks , as well as their ongoing response to western sanctions. Subject to confirmation ( Press Tv often is inaccurate or premature ) , losing cheap Iranian oil is not what Spain needs right about now. How long before Italy is cutoff as well ?

http://www.zerohedge.com/news/iran-escalates-again-cuts-oil-shipments-spain

Iran Escalates Again, Cuts Off Oil Shipments To Spain

Submitted by Tyler Durden on 04/10/2012 08:59 -0400

• China
 
• Crude
 
• Germany
 
• Greece
 
• India
 
• Iran
 
• Italy

Those hoping for a quick and painless resolution to the Iranian question may have just seen their hopes dashed, following the breaking news from Iranian Press TV, according to which not only is Iran not seeking to appease its Western counterparts, but is, in fact escalating. From Press TV: "Tehran has cut oil supply to Spain after stopping crude export to Greece as part of its countersanctions, unnamed sources confirmed on Tuesday. Tehran also mulls cutting oil supply to Germany and Italy." "Countersanctions" - lovely: another Swiss watch plan by the insolvent developed world. Said otherwise, one can hardly threaten to do something to a country, which is already doing so voluntarily, in the process hurting Europe's already crippled economies even more by removing the cheapest source of energy for both. Which however begs the question: just how much more Iranian crude are China and India importing despite promises to the contrary, and open warnings from the US not to do so?

and.....

http://www.presstv.ir/detail/235523.html

Iran cuts oil export to Spain

Tue Apr 10, 2012 12:51PM

Tehran has cut oil supply to Spain after stopping crude export to Greece as part of its countersanctions, unnamed sources confirmed on Tuesday.

Tehran also mulls cutting oil supply to Germany and Italy.