Iran Analysis: Will the European Union Ban Imports of Tehran's Oil? (Probably.)

Last week we noted that the European Union had not imposed a ban on imports on Iranian oil, primiarly because of the concern of southern European countries such as Greece over a cut-off of supplies; however, we noted that the EU was pursuing alternative suppliers and would likely revive the issue at its next meeting in January.

An EA source offers analysis:

It appears that an EU embargo is highly likely. EU Energy Commissioner Guenther Oettinger is being saying it appears consensus has been reached on the matter.

The UK Embassy takeover in Tehran seems to have been a critical turning point.

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