The Delaware Gazette

Iran Oil Ministry: Exports cut to Britain, France

TEHRAN, Iran — Iran has halted oil ship­ments to Britain and France, the Oil Min­istry said Sun­day, in an appar­ent pre-emptive blow against the Euro­pean Union after the bloc imposed sanc­tions on Iran’s cru­cial fuel exports.

Can the European Union avoid a financial market meltdown? (Part 2)

In a wild week that gripped the world’s finan­cial mar­kets, the prime min­is­ter of Greece threw a mon­key wrench into a frag­ile (and still some­what amor­phous) plan that was sup­posed to bail out the finan­cially strapped Greek econ­omy, sta­bi­lize Euro­pean banks, and recap­i­tal­ize the Euro­pean Finan­cial Sta­bil­ity Facil­ity (EFSF).

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