EU Moves To Ban Iran Crude Oil

Posted by timothy on Thursday January 5, 2012 @02:08AM from the crude-just-won't-do-in-the-parlor dept.

rtoz writes with this snippet from the BBC: "EU member states have agreed in principle to ban imports of Iranian crude oil to put pressure on the country over its nuclear programme. ... The US, which recently imposed fresh sanctions on Iran, welcomed the news. ... The Iranian state gets more than half of its revenue through the export of crude oil, says the BBC's James Reynolds. If Europe does stop buying, Iran will have to turn to countries in Asia to replace its lost trade, who will demand a discount, he adds."

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Okay, enough! by Virtucon · 2012-01-05 02:25 · Score: 0, Offtopic

What does this have to do with the premise of Technology News? I mean this is CNN shit, why do we have it posting on here? Is the EU somehow going to use IPADs or something new like embedding RFID into the oil to know that it came from Iran?!?!? Come on, this is getting annoying!

--
Harrison's Postulate - "For every action there is an equal and opposite criticism"