EU affirms Iran oil ban, dismisses Greek concerns
Reuters / Justyna Pawlak & Sebastian Moffett
26-Jun-2012

EU governments on Monday formally approved an embargo on Iranian oil to start on July 1, dismissing calls by debt-ridden Greece for possible exemptions to help ease its economic crisis.

They also warned Iran that more pressure could be put in place if it continued to defy international demands for limits on its nuclear program, which they say is geared to developing weapons. The Islamic Republic says its nuclear activity is for electricity production and other peaceful ends only.

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