Iran Oil Embargo
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Posted: 12:29 PM Jan 23, 2012
Iran Oil Embargo
The European Union has banned oil imports from Iran, a move aimed at putting pressure on the regime to abandon its nuclear program.
Reporter: From the AP
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UNDATED (AP) -- The European Union has banned oil imports from Iran, a move aimed at putting pressure on the regime to abandon its nuclear program. Iranians say they will close the strategic Strait of Hormuz in retaliation. More than a fifth of the world's oil passes through there. The U.S., Britain, and France are sending warships into the region.


Latest Comments

Posted by: Douglas Location: Northern IL on Jan 24, 2012 at 02:53 PM

Iran will find out that food is better to eat than oil.