To the Point
Europe Bans Iranian Oil Imports, Nuclear Tensions Escalate
The European Union today launched what sounds like unprecedented escalation of sanctions aimed at squeezing Iran's economy. All 27 foreign ministers agreed to ban the import of Iranian oil and freeze assets of Iran's central bank located in Europe. But there are loopholes and the action won't take effect for six months.
By Warren Olney • • 1 min readThe European Union today launched what sounds like unprecedented escalation of sanctions aimed at squeezing Iran's economy. All 27 foreign ministers agreed to ban the import of Iranian oil and freeze assets of Iran's central bank located in Europe. But there are loopholes and the action won't take effect for six months. Edward Cody is in Brussels for the Washington Post.
