Economy - Voice of America: EU Oil Embargo on Iran Takes Effect Sunday

Economy - Voice of America economy-and-business

EU Oil Embargo on Iran Takes Effect Sunday Jun 30th 2012, 15:30 A European Union embargo on Iranian oil that takes effect Sunday is the latest move in an international effort to force Tehran to halt its disputed nuclear program. The EU and the United States want Iran to end development work that they say is intended to produce nuclear weapons. Iran says its nuclear program is for peaceful purposes. Talks on the issue have resulted in an impasse between western nations and Iran, the world's fourth largest oil producer. Last week South Korea announced ... Media files: 161E28F2-54AE-44B0-AF7D-D2D0882E0540_cx0_cy3_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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