Tag Archives: European Union (EU)

In early July. US President Donald Trump announced that the Nord Stream-2 gas pipeline would make Germany ``hostage`` to Russia.

The second round of embargo will be reimposed in early November with the aim of curtailing Iran'.s oil exports and shipping sectors.

Poland buys most of the gas it consumes from Russia but has taken steps to reduce that reliance.

Iran told OPEC on Sunday no member country should be allowed to take over another member'.s share of oil exports.

Both leaders raised concerns about Syria and the plight of the many refugees created by the seven-year-old war there.

Iran and China. along with Russia and Turkey. are drawing closer due to the intertwined issues of geopolitics and energy.

Oil sanction is part of Trump'.s plan to pressure Iran to give more concessions than what were agreed upon in the JCPOA.

The European Union had earlier vowed resist US sanctions on Tehran.

TANAP will account for 10 percent of all gas imports to Turkey. which is important in terms of diversifying supplies.

Much will depend on the European Union. which has vowed to resist US sanctions on Iran.