
The Iranians appear willing to respond to an upcoming European Union embargo on their oil—by cutting their oil shipments to Europe. The Fars News Agency reported that senior Iranian lawmaker Mohammad Karim Abedi said they would drop oil supplies to…
Russia is decidedly opposed to escalating sanctions against Iran on its oil industry, even as the West is discussing additional steps against Tehran over its nuclear program. Europe is considering restrictions against imports of Iran’s crude oil and the United…