Iranian Deputy Oil Minister Ahmad Qalebani said Monday that the Islamic republic will possibly cut its oil exports to six other European Union (EU) states, including Portugal, Spain, Greece, Italy, Germany and the Netherlands, the local Mehr news agency reported.

Iran announced Sunday that it had stopped oil exports to British and French companies.

"For sure, if the hostile measures of some other European countries (against Iran) is continued, the oil exports to these countries will be stopped," Qalebani was quoted as saying.

If the EU states stop "the hostile measures," Iran is ready to renew its oil contracts with those countries, said Qalebani, who is also the managing director of National Iranian Oil Company ( NIOC).