Tuesday, January 22nd | 16 Shevat 5779

January 23, 2012 8:16 am

European Union Joins U.S. on Iran Oil Embargo

avatar by News Editor

Email a copy of "European Union Joins U.S. on Iran Oil Embargo" to a friend

British Foreign Secretary William Hague. Photo: wiki commons.

LA Times – LONDON – The European Union formally approved an embargo on Iranian oil Monday to punish the regime in Tehran for its nuclear program.

The boycott takes effect immediately, canceling any new or proposed oil contracts between EU countries and Iran. Existing contracts can run through the end of June but then must be suspended.

Read full story.

Share this Story: Share On Facebook Share On Twitter Email This Article

Let your voice be heard!

Join the Algemeiner