Special to WorldTribune.com LONDON — Iran, facing Western sanctions and attack threats, has been quietly storing millions of barrels of crude oil in the Gulf. Industry sources said the Teheran regime, which oversees production of 3.5 million barrels per day, was preparing for an international embargo on fuel exports to Iran. They said the Iranian […]
Special to WorldTribune.com LONDON — The European Union has decided to impose an oil embargo on Iran. The 27 foreign ministers of the EU decided that the oil embargo on Iran would take effect immediately. The decision would cancel all existing oil contracts, including fuel and other petroleum products, with Teheran by July. “I think […]