http://www.bbc.co.uk/news/world-europe-16674660European Union foreign ministers have formally adopted an "unprecedented" oil embargo against Iran over its nuclear programme, banning all new oil contracts with the country.
They also agreed a freeze on the assets of Iran's central bank in the EU.
The EU currently buys about 20% of Iran's oil exports.
There was no official Iranian reaction, but one Iranian lawmaker played down the decision, calling it a "mere propaganda gesture".
Iran had "failed to restore international confidence in the exclusively peaceful nature of its nuclear programme", British Prime Minister David Cameron, French President Nicolas Sarkozy and German Chancellor Angela Merkel said in a joint statement.
It seems like the EU is trying to force Iran's hand and that this will only spark a whole series of problems down the line. I also believe that the EU really is overstepping it's mark as the once economic union, who is the EU to say where we get out oil from?
Thoughts?






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They're just being playground bullies, Iran can have a nuclear programme if it wants - the EU and most of the developed world have a few swimming around.





