December 28, 2012
The West's Economic War with Iran
In his first week as U.S. president, Barack Obama told Iran's leaders he would extend a hand if they would "unclench their fist" and persuade the West they weren't trying to build a nuclear bomb. So far, they have not. In response, the United States and the European Union this year took a step they had long resisted, imposing trade sanctions to choke off Iran's lifeblood: oil revenue.
TAGGED: P5+1, Europe, EU, European Union, Middle East, Iran, Barack Obama, United States