BREAKING NEWS

UK's Hague confident new EU Iran sanctions coming

By REUTERS

JANUARY 15, 2012 14:47

LONDON - British Foreign Secretary William Hague said on Sunday he was confident the European Union would impose far-reaching sanctions on Iran's oil industry and possibly other sectors at an EU meeting next week.

He also said he hoped the 27-member European bloc could agree on further sanctions against Syria within the next 10 days over its military crackdown on protesters but gave no details.

EU states have agreed in principle to ban imports of Iranian oil over Tehran's nuclear program. They are working on details of how the ban will be implemented before a Jan. 23 foreign ministers' meeting.

Iran has threatened to stop the flow of oil through the Strait of Hormuz if foreign sanctions are imposed on its crude exports, a move that could trigger military conflict with economies dependent on Gulf oil.

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