Showing posts with label E.U. embargo. Show all posts
Showing posts with label E.U. embargo. Show all posts

Sunday, June 10, 2012

Planned E.U. Oil Embargo Looks Set To Squeeze Iran

On July 1, the European Union says it will stop buying oil from Iran. Europe is one the most important markets for Iran's oil, and in anticipation of the boycott, Iranian oil exports worldwide are already down by more than 25 percent.