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Iran Nuclear Crisis: EU Announces Oil Embargo - CCTV News 5 Jan 2012

Watch Online Iran Nuclear Crisis: EU Announces Oil Embargo - CCTV News 5 Jan 2012

EU member states have agreed on an oil embargo against Iran to pressure the country over its nuclear program. But Iran is responding to increasing sanctions with the vow to never give up its "peaceful" uranium enrichment activities.

The EU moves towards an oil ban on Iran. The sanctions will be formally announced at an EU foreign ministers' meeting at the end of January.

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