embargo news stories on Newser

Iran: Hey, Wanna See Oil Hit $150 a Barrel?

Polly Davis Doig — Sun, 29 Jan 2012 09:49:07 CST

Iran is getting ready to vote today on banning oil sales to the EU —you know, before the EU can enact an embargo on aforementioned oil —and Tehran is engaging in some typical sabre-rattling, with the head of Iran's state oil company predicting global crude prices will head into the...

EU Rolls Out Embargo on Iran Oil

Matt Cantor — Mon, 23 Jan 2012 07:49:36 CST

The European Union today rolled out its embargo of Iranian oil, adopting the measure as what Britain's foreign secretary called "an unprecedented set of sanctions" designed to crack down on the country's nascent nuclear program. Existing contracts for crude oil and petroleum will be honored until July, but all new...

Iran to OPEC: Don't Grab Our Oil Sales

Mark Russell — Sun, 15 Jan 2012 06:40:59 CST

With the West about to increase sanctions on Iran to include oil sales abroad, Tehran is warning its Arab neighbors not to make a buck off of that embargo, reports the AP . Any Arab nation that raises its oil output will be an "accomplice in the consequences," warned Iran OPEC...

New Pain for Iran: Japan Jumps Aboard Embargo

Kate Schwartz — Thu, 12 Jan 2012 10:08:20 CST

It looks like things are about to get a little bit more uncomfortable for Iran: Japan today agreed to align itself with Washington and reduce the amount of oil it imports from Iran. Japan is extremely dependent on foreign fuel, and currently gets about 10% of its oil from Iran;...

Ship Begins Laying Venezuela-Cuba Cable

Rob Quinn — Wed, 19 Jan 2011 06:11:11 CST

Cubans will soon find it a lot easier to reach out and touch someone: US sanctions had left the island nation the only country in the Western Hemisphere not linked to the outside world by fiber optics, but a ship has now arrived in Venezuela to begin laying fiber optic...

China Ends Rare Earth Minerals Embargo

aarontco — Fri, 29 Oct 2010 08:06:28 CDT

China has resumed its shipment of rare earth minerals to the United States, after cutting us off early last week, the New York Times reports. Shipments to Japan, which have been suspended since September due to disputes involving the arrest of Chinese fishermen, also resumed, though they are facing some...

UN Issues Fresh Call to End Cuba Embargo

Rob Quinn — Wed, 27 Oct 2010 04:42:02 CDT

The United Nations has, for the 19th year in a row, passed a resolution to drop its longstanding economic embargo against Cuba. The resolution, once again, passed by an overwhelming majority, with 187 nations voting in favor of it and only the US and Israel voting against it, CNN reports....

UAE Seizes Ship Bringing N. Korean Arms to Iran

Will McCahill — Fri, 28 Aug 2009 21:27:03 CDT

Authorities in the United Arab Emirates today seized a ship carrying weapons from North Korea to Iran, the Financial Times reports—a violation of United Nations resolutions barring Pyongyang from exporting arms. The shipment was headed for a company linked to Iran’s Revolutionary Guard, which has previously been banned from...

What Embargo? HP Printers Find Their Way to Iran

Wesley Oliver — Mon, 29 Dec 2008 11:41:01 CST

HP printers have become top-sellers in Tehran, despite a 13-year embargo against US companies doing business with Iran, the Boston Globe reports. An Indian-owned distributor sells HP products in Iran, enabling it to skirt American law. But questions remain: If HP execs cut the deal with Redington Gulf knowing their...