Asia key as U.S., EU tighten sanctions against Iran

2012-02-13 22:51:50

LONDON (Reuters) - Western states hope new oil sanctions will deter Tehran from pursuing its disputed nuclear program but ultimately it will be China, India and other Asian powers that determine their effectiveness impact on already volatile Iranian politics. Both the United States and European Union have introduced tough new restrictions coming into force later this year and designed to effectively choke off Iran's oil exports. But -- unlike rounds of sanctions imposed by the United Nations Sec... Full Article at Yahoo India »