Is banning oil imports from Iran at a time of high oil prices, tight inventory and above all, an economic contraction the best decision the EU could take?....

The European Union (EU) has hit hard on Iran, deciding to ban oil imports from the Middle East nation. The ban is expected to come into effect on July 1, 2011.....

Even if the EU does impose sanctions against Iran, it will not affect Iranian exports as expected by the EU, Barclays Capital said in a research note. The risk of a strike in Iran has however incre....

Iran's foreign minister had earlier warned of a $250/bbl crude oil in the event of attempting to harm the country. With China preparing for military combat and Iran readying its missiles, $250/bbl ....