Iran hurts as EU oil sanctions come into force
471 views · Published 2 August 2012 · 0:49 · Indexed 30 October 2026
Channel: News Direct · 2012 · News & Politics
New EU sanctions targeting Iran's oil exports came into force on Sunday. The sanctions, which bar 27 EU countries from purchasing Iranian oil, come hot on the heels of fresh US sanctions that ban banks from carrying out oil transactions with Iranian banks. This animations shows the effects of the embargo. SOURCES: BBC, Korea Herald, US Energy Information Administration
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