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Businesses EU News Politics

EU Moves To Ban Iran Crude Oil 361

Posted by timothy
from the crude-just-won't-do-in-the-parlor dept.
rtoz writes with this snippet from the BBC: "EU member states have agreed in principle to ban imports of Iranian crude oil to put pressure on the country over its nuclear programme. ... The US, which recently imposed fresh sanctions on Iran, welcomed the news. ... The Iranian state gets more than half of its revenue through the export of crude oil, says the BBC's James Reynolds. If Europe does stop buying, Iran will have to turn to countries in Asia to replace its lost trade, who will demand a discount, he adds."
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EU Moves To Ban Iran Crude Oil

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  • by Anonymous Coward on Thursday January 05, 2012 @09:13AM (#38595380)

    Iran 'might' be working on a nuclear bomb and the EU wants to put an embargo on them.
    the USA, Russia, India, China, Pakistan and Israel all HAVE nuclear bombs and the EU is happily trading and talking with them.


    Once Iran finishes it's research the EU and Iran will be Best Friends Forever.

"Never face facts; if you do, you'll never get up in the morning." -- Marlo Thomas