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EU considers oil sanction against Iran

EU considers oil sanction against Iran
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The EU is considering a possible oil embargo against Iran over its nuclear programme. It was one of a raft of sanctions discussed by the bloc’s foreign ministers at a meeting Brussels.

The union wants to increase economic pressure on Tehran after a report by international atomic experts said Iran had moved closer to developing a nuclear bomb.

The ministers agreed to extend a list of people and entities affected by EU sanctions. They also said the energy, financial and transport sectors were among areas where new measures could be introduced after a meeting next month.

The sanctions come against a backdrop of soaring tensions between the Islamic Republic and Britain after its embassy in Tehran was stormed by protesters. The UK responded by shutting Tehran’s embassy in London.

It is understood the EU is divided over an oil embargo, as this could hit some member states including Greece, and push up world energy prices.

Also read- The new wave of sanctions on Iran