EU Considers Iran Petchems And Gold Bans To Offset Oil Embargo Delay

The EU looks set to expand its proposed oil boycott against Iran by including the latter’s petrochemicals industry, while delaying the crude imports embargo for six months. As sanctions continue to devastate Iran’s economy and increase internal political conflict, Saudi Arabia says it will make up for any drop in Iranian exports, MEES editors report.

Senior EU sources told MEESon 19 January that the permanent...