BREAKING NEWS

Australia to follow EU lead in banning Iranian oil

By REUTERS

JANUARY 24, 2012 12:03

LONDON - Australia will follow the EU lead in banning oil imports from Iran, the country's foreign minister Kevin Rudd said on Tuesday.

"On the question of Iran, let me be absolutely clear (regarding) the actions taken in Brussels yesterday on sanctions by the European Union - we in Australia will undertake precisely the same parallel action for Australia," he told reporters during a visit to London.

On Monday, the EU imposed a ban on Iranian oil imports from July in an effort to increase pressure on Tehran over its nuclear program. The EU accounts for about about 20 percent of Iranian oil exports.

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