Oil Iran Money Europe

European countries announced participation in a boycott of Iranian oil, siding with the US in its attempt to bring Iran back from its pursuit of nuclear weapons. This action was in addition to a disruption of money transfers, freezing of accounts, and termination of banking activity with the Iranian Central bank. All these decisions come after Iran's threats to close the oil choke point at the Strait of Hormuz. The effort was led by President Sarkozy, who, in an election year, must walk a fine line between domestic policy and international relations. Only last week, an Afghani soldier opened fire on some unarmed members of the french army in Afghanistan, killing 6 and wounding 15. While untimely regarding the assault on the troops, this boycott has been in the works for sometime. The US continues its efforts to pressure Iran in an attempt to bring some order to the leaders of the country.
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