05 Jan '12, 8pm

Reuters: EU agrees to embargo on Iranian crude

BRUSSELS/TEHRAN (Reuters) - European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said on Wednesday, dealing a blow to Tehran that crowns new Western sanctions months before an Iranian election. The prospective embargo by the European Union, along with tough U.S. financial measures signed into law by President Barack Obama on New Year's Eve, form a concerted Western campaign to hold back Iran's nuclear program. Iran says the program is strictly non-military, but Western countries say a November U.N. report shows it has sought to build an atomic bomb. Talks between Tehran and major powers broke down a year ago. Diplomats said EU envoys held talks on Iran in the last days of December, and that any objections to an oil embargo had been dropped - notably from crisis-hit Greece which gets a third of its oil from Iran, relying on Tehran's leni...

Full article: http://sg.news.yahoo.com/exclusive-major-blow-eu-agrees-e...

Tweets

Oil and geopolitics - Jan 8 | Energy Bulletin: ...

energybulletin.net 08 Jan '12, 7am

Published Jan 8 2012 by Energy Bulletin , Archived Jan 8 2012 Oil and geopolitics - Jan 8 by Staff Click on the headline (...

Delta, Lufthansa to Pass EU's Carbon Costs on to Customers

Delta, Lufthansa to Pass EU's Carbon Costs on t...

greenbiz.com 04 Jan '12, 11pm

Two weeks after the E.U.'s highest court ruled that all airlines must pay for the carbon emissions produced during flights...