December 28, 2012

The West's Economic War with Iran

Mohammed, Reuters

AP Photo

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.

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TAGGED: P5+1, Europe, EU, European Union, Middle East, Iran, Barack Obama, United States

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