The EU today implemented tough new Iran sanctions aimed at curbing Iran's nuclear ambitions. The sanctions specifically target Iran's oil industry, which accounts for roughly 80 percent of Iranian exports but faces numerous challenges.
China’s stake in the Middle East is growing. It buys more oil and sells more goods in the region than any other country, including the US. So why did Beijing vote in favor of Iran sanctions?
On Iran sanctions, the Obama administration shifts gears to focus less on UN sanctions and more on modifying measures before Congress.