Iranian Gov't, Parliament to Set Up Joint Committee to Counter Oil Sanctions, control oil flow trough Hormuz strait.

Iranian Gov't, Parliament to Set Up Joint Committee to Counter Oil Sanctions, control oil flow trough Hormuz strait.(Fars).The move comes after the EU enforced a set of sanctions on Iranian oil supplies on Sunday despite Iran's repeated warnings. The joint committee will comprise oil ministry officials, members of the parliament's energy commission and the national security and foreign policy commission. A day after the enforcement of the new EU sanctions, the parliament's national security and foreign policy commission drafted a bill requiring the government to stop oil tankers from shipping crude through the Strait of Hormuz to the countries that support sanctions against Iran, a commission member said on Monday. "This project is a response to the oil sanctions imposed by the European Union on the Islamic Republic," Ebrahim Agha Mohammadi said. "This bill has been developed as an answer to the European Union's oil sanctions against the Islamic Republic of Iran."
"In line with this draft law, the government has the right to stop the transit of tankers (through Hormuz) carrying oil to countries which have imposed oil sanctions on Iran," he added. Parliament would be asked to approve the draft law and consider it a double-urgency priority, he said. Agha Mohammadi said that 100 parliament members had signed the bill as of Sunday. Tehran has repeatedly cautioned that such measures will hurt talks with world powers over its nuclear program. Iran has threatened to close the strategic Strait of Hormuz at the entrance to the oil-rich Persian Gulf if its nuclear program is targeted by air strikes that Israel and the United States reserve as an option.Read the full story here.