'Unprecedented Sanctions' EU Agrees on Tough Oil Embargo Against Iran

European Union countries on Monday announced tough sanctions against Iran in an effort to force negotiations over the country's nuclear program. Not only will they impose a formal oil embargo against the rogue nation on July 1, but they will also freeze the Iranian central bank's EU accounts.
Oil workers at a refinery in Iran.

Oil workers at a refinery in Iran.

Foto: Vahid Salemi/ ASSOCIATED PRESS
kla -- with wire reports