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Published on Jan 4, 2012
http://www.euronews.net/ The 27 members of the European Union may be on the brink of announcing an embargo on Iranian oil.
The deal could be reached as early as the end of this month as it appears there is already agreement in principle, with just the dates remaining to be fixed.
Several EU nations, notably Greece, are heavily dependent on Iranian oil so an embargo will hurt, and they have been pushing for an embargo to start later in the year, but it seems they have been swayed by a majority wanting swifter action.