January 23rd, 2012
08:24 AM ET

European Union bans Iran oil imports

The European Union banned the import of Iranian crude oil and petroleum products and banned the export of key petrochemical technology to the country Monday in an effort to cut off sources of funding for Iran's nuclear program, the EU announced.

Iran exports 2.2. million barrels of oil a day, with about 18% bound for European markets, according to the U.S. Energy Information Administration. The world consumes about 89 million barrels of oil per day.

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Filed under: European Union • Iran • World
soundoff (69 Responses)
  1. saywhat

    Have a good evening folks and yes keep tuned in for my " Black & White World" as @ bombo put it.
    I'll most certainly continue with that as nothing is more distasteful to me as propaganda and disinformation when its the interests of America & Americans we talk about. On any other angle I would perhaps go along with the greys and browns and such laughingly.

    January 23, 2012 at 9:50 pm | Report abuse |
  2. gung hoe

    @banasy guilty conscience nope my back speaks for itself.You know that its bad when you work to stay in shape and it hurts so bad that you cant bend over to tie your shoes.Was you talking to me banasy Iam no idiot.Well on second thought I just might be a fool,for thinking I had friends that arent my friends at all.Theres two people on these boards that I consider my friendr and thats joey and moma!Friends respect other friends points of view,and dont talk trash about them Whem your friends arent around dont talk trash about them .But you know that was pretty slick going to nsaidi and having them post removed that day so you could act all innocent,Dont know what I did to make him mad.Ya right banasy

    January 24, 2012 at 5:26 am | Report abuse |
  3. chrissy

    @ wine bar, awesome! You had me in your pocket at the cemetary joke. But my favorite was the mental health hotline! Roflmao!

    January 24, 2012 at 5:46 am | Report abuse |
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