EU ban on Iranian oil: What you need to know
The European Union stopped buying oil from Iran since 1 July in order to target the country's main source of income.
And even though it was feared that such a move would increase the price of oil in the global markets, Saudi Arabia is pumping more oil to minimize the impact.
BBC Persian's Amir Paivar explains what's at stake.
02 Jul 2012
- From the section Europe