European Union Bans Iranian Oil -- L.A. Times
REPORTING FROM LONDON -- The European Union formally approved an embargo on Iranian oil Monday to punish the regime in Tehran for its nuclear program.
The boycott takes effect immediately, canceling any new or proposed oil contracts between EU countries and Iran. Existing contracts can run through the end of June but then must be suspended.
The tough new round of sanctions was adopted by EU foreign ministers at a meeting in Brussels after weeks of discussion and preparation. The U.S. already has a similar embargo in place.
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EU Agrees to Ban Iran Oil Imports to Target Nuclear Program -- Bloomberg Businessweek
European Union agrees on Iran oil embargo -- The Telegraph
EU Iran sanctions: Ministers adopt Iran oil imports ban -- BBC
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