Julian Borger
Guardian

January 20, 2012

Tehran has warned its Gulf neighbours that it would be “dangerous” for them to join a western-led effort to isolate Iran, with the warning coming as a meeting of European ambassadors in Brussels failed to agree on the details of an EU oil embargo.

The EU permanent representatives council had been due to agree a far-reaching sanctions package including a phased embargo on oil imports from Iran and a freezing of the assets of the country’s central bank.

But Greece refused to agree to a Danish proposal to begin the oil embargo on 1 July, calling for more time to enable it to complete existing contracts with Iranian suppliers and find new ones.

The ambassadors will work through the weekend in an effort to complete a deal before foreign ministers meet on Monday.

Read full report here

 

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