Europe slapped a boycott on Iranian oil Monday, signaling that the Islamic Republic's second-largest market is likely to dry up as part of a U.S.-led sanctions campaign that has already inflicted serious damage on Iran's economy and sharply increased tensions.
Thursday, January 26, 2012
EU imposes Iran oil embargo
The European Union's oil boycott is part of a U.S.-led campaign of sanctions to pressure Iran to return to talks over its nuclear enrichment program.
Europe slapped a boycott on Iranian oil Monday, signaling that the Islamic Republic's second-largest market is likely to dry up as part of a U.S.-led sanctions campaign that has already inflicted serious damage on Iran's economy and sharply increased tensions.
Europe slapped a boycott on Iranian oil Monday, signaling that the Islamic Republic's second-largest market is likely to dry up as part of a U.S.-led sanctions campaign that has already inflicted serious damage on Iran's economy and sharply increased tensions.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment