Today, parliament in Iran will be voting on a bill that will halt the sale of crude oil to Europe. This comes after the EU enacted an oil embargo against Iran and froze the country's assets in its central bank. The United States approved sanctions against Tehran's central bank, but has yet to move on the sanctions. What is interesting is China has criticized the embargo and the sanctions the U.S. passed, so it will be interesting who sides with who in the few coming weeks.
Lucas Habeeb
http://www.foxnews.com/world/2012/01/28/iran-moves-toward-banning-oil-sales-to-eu/
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