| 28.02.2012 - Europe set to cut 33pct of Iran crude buys |
| The Iranian oil embargo is underway: Iran is struggling to find buyers for its crude, with top Asian consumers seeking to cut purchases as tightening US sanctions make it difficult to keep doing business with the OPEC producer. On January 23, the European Union formally adopted an oil embargo against the Islamic Republic, as part of sanctions meant to pressure the country to resume talks on its nuclear program...............................................Full Article: Source |