Iran's Oil Ministry denied.

Iran's Oil Ministry denied state media reports on the Islamic state stopping its crude exports to six European countries on Wednesday.

NEW YORK—Oil futures held onto early gains after a government report showed a small decline in U.S. crude stockpiles.

Light, sweet crude for March delivery rose 64 cents, or 0.7%, to $101.38 a barrel on the New York Mercantile Exchange.

The U.S. Energy Information Administration said inventories of crude oil fell by 200,000 barrels in the week ended Feb. 10. Stockpiles were expected to rise by 1.3 million barrels, according to a survey of analysts by ...

By Jerry A.DICOLO

My Explanation:
This means that Iran stopped importing oil, because remember America gets Oil from Iran and mostly from Saudia Arabia, the country which is actually filled with oil.So Iran basically threatened the Americans that we wont give you oil. Even if Iran gave them oil it was only a short amount not enough for the country.

Questions:

1. What do you think America will do about this?
2. Do you think there will be a disagreement? 
3. Do you htink America will let it go?  

Source:
http://online.wsj.com/article/SB10001424052970204880404577224862561099888.html?mod=WSJ_hp_LEFTTopStories#articleTabs%3Darticle