January 6, 2012

EU to Iran: We Back the Oil Embargo

Pawlak & Hafezi, The Fiscal Times


AP Photo

European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said Wednesday, dealing a blow to Tehran that crowns new Western sanctions months before an Iranian election.The prospective embargo by the European Union, along with tough U.S. financial measures signed into law by President Barack Obama on New Year's Eve, form a concerted Western campaign to hold back Iran's nuclear program. . .

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TAGGED: Foreign Oil, Oil, Strait Of Hormuz, Iran, European Union, The Fiscal Times

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