Thursday 28 August 2014
 
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oil embargo

Iran oil ban to be costly for EU, warns Russia

Russia pressed its case against new sanctions over Iran's nuclear programme on Friday, saying an European Union ban on purchasing Iranian oil would end up hurting the bloc's member countries. 'The European Union is rejecting pu

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Hormuz won't be shut, Iran assures Kuwait

Iran has assured Kuwait it will not try to close the vital Strait of Hormuz shipping route, Kuwait's ruler said in remarks carried by state-run news agency Kuna on Tuesday. Sheikh Sabah Al-Ahmad Al-Sabah said Kuwait nevertheless had been w

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Iran threatens retaliation over oil embargo

Iran's supreme leader threatened on Friday to retaliate against the West for sanctions, a day after a US newspaper said defence secretary Leon Panetta believed Israel was likely to bomb Iran within months to stop it building a nuclear bomb.

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Iran's Khamenei threatens retaliation over oil embargo

Iran's Supreme Leader Ayatollah Ali Khamenei said on Friday the Islamic Republic would not yield to international pressure to abandon its nuclear course, threatening retaliation for sanctions aimed at Iran's oil exports. 'Threa

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Iran hits back with own embargo threat

Fighting sanctions with sanctions in a trial of strength with the West over its nuclear ambitions, Iran has warned it may halt oil exports to Europe next week in a move calculated to hurt ailing European economies. At the same time, the go

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EU envoys agree to slap oil embargo on Iran

European Union ambassadors agreed on Monday to impose an embargo on Iranian oil imports, but decided to delay the full implemention of the ban until July 1, an EU diplomat said. Their agreement was the final step before EU foreign minister

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EU lays out possible oil embargo against Iran

The European Union tightened sanctions against Iran and laid out plans for a possible embargo of its oil in response to mounting Western suspicions that Tehran plans to build nuclear weapons. China, the biggest buyer of Iranian crude, step

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Britain vows to back Iran oil embargo

Britain will support an embargo on Iranian oil imports following the deterioration of relations between the two countries, diplomatic sources told Reuters, as France tried to rally support for new sanctions within the EU. Britain shut dow

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