Oil Embargo Against Iran

Oil embargo against Iran After attacking the British embassy in Teheran, the European Union threatens Iran with an embrocate embargo. Iranian university students attacked the British embassy in Teheran on Tues daylight. The EU lead diplomats declared this as an offense against the whole European Union, non just Britain. peerless of the opportunities the EU without delay has is an oil embargo, as rise up as an abortion of the business relationship with the Iranian central bank. The Iran sells well-nigh one fifth of its oil to Europe. But the EU supplies just about six per cent of its needs of oil, which is about 30 tons from Iran. Concededly an embargo would affect Greece and Italy very hard, since they import a huge amount of Iranian oil. The oil legal injury had its one-year high in April with a price of 123 dollars per barrel. Right now it is about 10 dollars away from that but it is rising from day to day. The Iran exports about 2 million barrel oil per day. The leadership in Teheran predict an increase of the oil price up to 250 dollars per barrel if the EU and America would realize the oil embargo. Whereas the EU says that it depends on the market whether the oil price give rise or not, not on the leaders in Teheran. Teheran now has to decide between a sober cooperation and international isolation, as Mr.

Westerwelle, German foreign minister, says. Some European governments have been stepping up sanctions before. The number of companies who are not allowed to do business with the European Union went up from 143 to 433. As well the number of people who have a prohibition of intro to countries of the European Union increased from 37 to 113, because they are at a time taking part in the atom program of the Iran. The Iran called the reactions of prominent Britain and other countries which closed their embassies exaggerated. Western news agencies are not allowed to show pictures of the Britain embassy. Another critical point is the atomic bomb the Iran is going to build. It gives the... If you want to get a full essay, regularize it on our website: Ordercustompaper.com

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