U.S. Hails EU Step on Iran Oil Ban as "Very Welcome" News
( 01:55 )
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The United States welcomed an agreement in principle today by European governments to ban the import of Iranian crude oil as very good news that would tighten the economic noose on Tehran. The prospective embargo by the European Union, along with tough U.S. financial measures signed into law by President Barack Obama on New Year's Eve, form a concerted Western campaign to hold back Iran's nuclear program.

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