BREAKING NEWS!!! - EU Adopts Oil Embargo On Iran

BREAKING NEWS!!! - EU adopts oil embargo on Iran
European Union nations have formally adopted an oil embargo against Iran as part of sanctions over its nuclear program.

British Foreign Secretary William Hague on Monday called the measure part of "an unprecedented set of sanctions."

He says, "I think this shows the resolve of the European Union on this issue."

Diplomats say the measures, adopted by the EU's 27 foreign ministers, include an immediate embargo on new contracts for crude oil and petroleum products while existing ones are allowed to run until July.

Iran says its nuclear program is exclusively for peaceful purposes. But many international officials fear the country is trying to develop nuclear weapons.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

BRUSSELS (AP) — European Union nations agreed Monday on an oil embargo against Iran as part of sanctions meant to pressure the country to resume talks on its nuclear program.

Diplomats said the EU foreign ministers meeting in Brussels would officially adopt the measures later Monday, now that the details had been hashed out by the 27 ambassadors to the EU. The measures include an immediate ban on new contracts for Iranian crude oil and petroleum products, while existing contracts will be 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 program," German Foreign Minister Guido Westerwelle said, in anticipation of the official adoption by the foreign ministers.

Iran says its nuclear program is exclusively for peaceful purposes, but many international officials fear the country is trying to develop nuclear weapons.

The EU will also likely freeze the assets of the Iranian central bank.

"The pressure of sanctions is designed to try and make sure that Iran takes seriously our request to come to the table," EU foreign policy chief Catherine Ashton said.

In October, Ashton sent a letter to Saeed Jalili, Iran's top nuclear negotiator, saying her goal was a negotiated solution that "restores international confidence in the exclusively peaceful nature of Iran's nuclear program."

She says she has not yet received a reply.

British Foreign Secretary William Hague said the goal of the sanctions would be to "increase the peaceful, legitimate pressure" on Iran to return to negotiations.

Negotiators have worked hard to try to ensure that the embargo punishes only Iran — and not EU member Greece, which is in dire financial trouble and relies heavily on low-priced Iranian oil.

EU negotiators have agreed to a review of the effects of the sanctions, to be completed by May 1, a diplomat said. He spoke on condition of anonymity to discuss the subject of ongoing talks.

"It is important to know what will happen to individual countries as a consequence of the sanctions," Ashton said.

Westerwelle said it was critical that action be taken.

"This is not a question of security in the region," he said. "It is a question of security in the world."

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[daggertoungeomega]

to counter their deppresion plans, let the onset begin let the vials only affect those EU entities and it's branches. Those leaders and bodies will now carry the world on their shoulders. You will inherit the burdens you wish to cause no riches or privlidges or wealth will save you.

[daggertoungeomega]

There is a higher power on earth and in the universe to ensure that no goverment will have nuclear weapons or tech, progress is being made to ensure all the psychos have no bombs. So for being so arrogant and thinking only for themselves since they would be ok if prices go up, this action will be hell for all EU goverments To the seven angels pour all the vials on the EU with the wrath poised to strike last, they seek to bring the world into a deprression there is a vial called the depression

[daggertoungeomega]

Those who work to put a strain in peoples lives all over the world becuase of the actions they take which lack common sense, they dont really care you see they could afford to pay extra for food and other needs which are supplied yes you guessed it oil. for the ignorant who applaud such dum ideas they dont realize how expensive it will get for food and other things that need to be transported life will be hard for the poor, middle class and some businesses.