The EU currently buys about 20% of Iran’s oil exports.- BBC News

 

BBC News.com

EXCERPTS:

Meanwhile, the Pentagon said the US aircraft carrier USS Abraham Lincoln, as well as a British Royal Navy frigate and a French warship, have passed through the Straits of Hormuz at the entrance to the Gulf without incident in the wake of Iranian threats to block the trade route.

 

Additional restrictions on Iran’s central bank are also expected to be agreed by EU ministers, although no further details have been given.

BBC Europe Editor Gavin Hewitt says it is one of the toughest steps the EU has ever taken.

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