EU Iran sanctions: Ministers adopt Iran oil imports ban
EU Iran sanctions: Ministers adopt Iran oil imports ban EU foreign policy chief Catherine Ashton: "Tehran should come to the table" European Union foreign ministers have formally adopted an oil embargo against Iran over its nuclear programme. The sanctions involve an immediate ban on all new oil contracts with Iran, while existing contracts will be honoured until 1 July. Tehran denies that it is trying to develop nuclear weapons and says talks and not sanctions are the only way to resolve the dispute. The EU currently buys about 20% of Iran's oil exports. Meanwhile, the International Atomic Energy Agency, the UN's nuclear watchdog has confirmed it is sending a team to Iran between 29 and 31 January "to resolve all outstanding substantive issues". Last November the IAEA said in a report that it had information suggesting Iran had carried out tests "relevant to the development of ...