• Why Jihad Watch?
  • About Robert Spencer and Staff Writers
  • FAQ
  • Books
  • Muhammad
  • Islam 101
  • Privacy

Jihad Watch

Exposing the role that Islamic jihad theology and ideology play in the modern global conflicts

EU bans Iranian oil imports

Jan 23, 2012 7:44 am By Marisol Seibold

At long last, a sense of urgency and of what is at stake has set in with regard to Iran’s nuclear program. If Iran were really in it for the electricity, why would it waste time and money bending over backwards in secrecy and subterfuge? They would not commit economic suicide just to mess with Washington and Brussels. “EU bans Iran oil imports,” by Laura Rozen for The Envoy, January 23:

The 27-member European Union voted Monday to ban imports of Iranian oil, and to sanction some transactions with Iran’s Central Bank.

The action, passed at a foreign ministers’ meeting in Brussels, immediately bans EU member states from signing any new oil contracts with Iran, and orders the phasing out of existing contracts by July 1. The EU-bloc previously constituted the second largest customer for Iranian oil after China.

“Given the EU’s serious and deepening concerns over the Iranian nuclear programme, the Council today broadened the EU’s restrictive measures against that country,” the European Union said in a statement (.pdf) announcing the action. “Today’s decisions target the sources of finance for the nuclear programme, complementing already existing sanctions.”

EU officials “also agreed to freeze the assets of Iran’s central bank and ban trade in gold and other precious metals with the bank and state bodies,” Reuters reported.

The development came days after Secretary of State Hillary Clinton urged Iran to respond to a proposal for new international talks on curbing its nuclear program.

“We all are seeking clarity about the meaning behind Iran’s public statements that they are willing to engage, but we have to see a seriousness and sincerity of purpose coming from them,” Clinton said at a news conference with her German counterpart Guido Westerwelle at the State Department Friday.

Iran “can come back to the table, as we have consistently made clear to them, and address the nuclear program concerns that the international community rightly has or face increasing pressure and isolation,” she said, adding: “I want to underscore we do not seek conflict.”

A U.S. official briefed on the effort to execute the Iran oil sanctions told Yahoo News Sunday that the measures are being implemented as world demand for oil is going down, and thus should be able to be phased in without a spike in oil prices. But markets do not always act logically, he noted…

No, they pretty much act like a particularly easily alarmed squirrel.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to print (Opens in new window)
  • Click to email this to a friend (Opens in new window)
  • More
  • Click to share on Skype (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Follow me on Facebook

Filed Under: European Union, Iran


Learn more about RevenueStripe...

FacebookYoutubeTwitterLog in

Subscribe to the Jihad Watch Daily Digest

You will receive a daily mailing containing links to the stories posted at Jihad Watch in the last 24 hours.
Enter your email address to subscribe.

Please wait...

Thank you for signing up!
If you are forwarding to a friend, please remove the unsubscribe buttons first, as they my accidentally click it.

Subscribe to all Jihad Watch posts

You will receive immediate notification.
Enter your email address to subscribe.
Note: This may be up to 15 emails a day.

Donate to JihadWatch
FrontPage Mag

Search Site

Translate

The Team

Robert Spencer in FrontPageMag
Robert Spencer in PJ Media

Articles at Jihad Watch by
Robert Spencer
Hugh Fitzgerald
Christine Douglass-Williams
Andrew Harrod
Jamie Glazov
Daniel Greenfield

Contact Us

Terror Attacks Since 9/11

Archives

  • 2020
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2019
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2018
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2017
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2016
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2015
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2014
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2013
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2012
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2011
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2010
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2009
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2008
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2007
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2006
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2005
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2004
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2003
    • December
    • November
    • October
    • March

All Categories

You Might Like

Learn more about RevenueStripe...

Recent Comments

  • Michael Copeland on New study reveals that Muslim religiosity strongly linked to hatred towards the West
  • Michael Copeland on New study reveals that Muslim religiosity strongly linked to hatred towards the West
  • Westman on New study reveals that Muslim religiosity strongly linked to hatred towards the West
  • gravenimage on Erdogan: ‘Turks must defend the rights of Jerusalem, even with their lives’ for ‘the honor of the Islamic nation’
  • gravenimage on Erdogan: ‘Turks must defend the rights of Jerusalem, even with their lives’ for ‘the honor of the Islamic nation’

Popular Categories

dhimmitude Sharia Jihad in the U.S ISIS / Islamic State / ISIL Iran Free Speech

Robert Spencer FaceBook Page

Robert Spencer Twitter

Robert Spencer twitter

Robert Spencer YouTube Channel

Books by Robert Spencer

Jihad Watch® is a registered trademark of Robert Spencer in the United States and/or other countries - Site Developed and Managed by Free Speech Defense

Content copyright Jihad Watch, Jihad Watch claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to their respective owners. If there is an image appearing on this blog that belongs to you and you do not wish for it appear on this site, please E-mail with a link to said image and it will be promptly removed.

Our mailing address is: David Horowitz Freedom Center, P.O. Box 55089, Sherman Oaks, CA 91499-1964

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.