European Union agress on Iran oil embargo


David Blair
London Telegraph
Monday, January 23, 2012

Diplomats in Brussels said the EU foreign ministers would officially adopt the measures later Monday that were hashed out by the 27 ambassadors.


The measures include an immediate embargo on new contracts for crude oil and petroleum products while existing ones are allowed to run until July.

“I am confident that the EU will give a resolute answer today to Iran’s refusal to fulfill its international obligations on the nuclear programme,” German Foreign Minister Guido Westerwelle said ahead of the official adoption by the foreign ministers.

Foreign Secretary William Hague urged Iran to “come to its senses” and resume negotiations on its nuclear programme after Britain, America and France sent six warships through the highly sensitive waters of the Strait of Hormuz.

Full article here


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