Azerbaijan, Baku, Feb. 27/ Trend F.Milad/
The former Iranian commerce and oil minister Masoud Mirkazemi said that oil price worth $126 is not a fair price and its recent growth is still low compared to the rise in prices on other goods, Mehr news agency reported on Monday.
Iran has cut exports to six EU countries and summoned the envoys of Portugal, the Netherlands, Italy, Spain, France and Greece for talks in Tehran, state-run Press TV reported.
A closure of the Strait of Hormuz would be the biggest disruption to Persian Gulf crude exports since 1990, an event that shut off about 5 million barrels a day of supplies.