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5 January: EU member states have agreed in principle to ban imports of Iranian crude oil to put pressure on the country over its nuclear programme.The move is expected to be announced formally at an EU foreign ministers' meeting at the end of January

5 January: EU member states have agreed in principle to ban imports of Iranian crude oil to put pressure on the country over its nuclear programme.The move is expected to be announced formally at an EU foreign ministers' meeting at the end of January

5 January 2012

Oil prices on international markets rose on news of the EU agreement. "We have an [EU] foreign ministers' meeting on January 30, and on this occasion I hope we will be able to take the decision on the embargo of oil and petrol from Iran", said French Foreign Minister Alain Juppe.

"We have to reassure some of our European partners who purchase Iranian oil. We have to provide them with alternative solutions", he added.

On Tuesday France had called for "stricter sanctions" on Iran.  However, even if sanctions are adopted at the end of the month, it may be several months before they are implemented.

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