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Citing nuclear issue, EU bans Iran oil import

Move met with threats to close shipping strait

By Edward Cody

 |  Washington Post  

  January 24, 2012

Europe banned the import of Iranian oil Monday and froze Europe-based assets of the Central Bank of Iran, intensifying an international campaign to choke Iran’s economy and force the radical Islamic government to dispel fears that it is working to develop nuclear weapons. The ban, approved by European Union foreign ministers, is a dramatic escalation of sanctions against Iran, joining with the United States to squeeze the oil earnings and financial transactions that the Tehran government depends on to sustain its citizens and finance its military.

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