EU poised to impose stricter sanctions on Iranian oil

Denmark’s government expressed confidence that the European Union would impose harsher sanctions on the oil and banking sectors of Iran for its continued pursuit of nuclear weapons. “We’ll go further both on oil sanctions and on sanctions against the financial structures” in Iran, said Foreign Minister Villy Soevndal of Denmark, which currently holds the rotating presidency of the EU. Soevndal said the new sanctions against Iran would be dealt with on Jan. 23 during the next meeting of the EU’s foreign ministers. The meeting had been scheduled for Jan. 30, but was rescheduled to avoid clashing with an economic summit. Analyst IHS Global Insight, however, noted that the sanctions meeting h...

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