The European Union banned the import of Iranian crude oil and petroleum products and banned the export of key petrochemical technology to the country Monday in an effort to cut off sources of funding for Iran's nuclear program, the EU announced. ran exports 2.2. million barrels of oil a day, with about 18% bound for [...]
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U.S. Secretary of State Hillary Clinton on Monday applauded India's efforts to reduce its imports of Iranian oil but urged it to cut them further to keep pressure on Tehran over its nuclear program. "We think India as a country unde... Read Post
Many in the West would like to see Iran punished for its nuclear ambitions. Tehran's residents would like those people to take a glimpse into their lives. The European Union announced Monday it is banning the import of Iranian crude... Read Post
Taking a cue from the U.S., the European Union is trying to force Tehran to rein in its nuclear program by imposing damaging new sanctions on Iran, banning imports of Tehran's cash cow, oil. Iran, the world's third largest oil expor... Read Post