Planned E.U. Oil Embargo Looks Set To Squeeze Iran:
The European Union is set to stop all purchases of Iranian oil on July 1. Exports are already down, and lower prices means less profit on sales that do go through. So far, Tehran refuses to budge on its nuclear activities. But analysts say Iran has no clear way around the boycott.
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The European Union is set to stop all purchases of Iranian oil on July 1. Exports are already down, and lower prices means less profit on sales that do go through. So far, Tehran refuses to budge on its nuclear activities. But analysts say Iran has no clear way around the boycott.
» E-Mail This » Add to Del.icio.us
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