- CNTV English - CCTV News

Iran won't give up "peaceful" uranium enrichment activities

01-05-2012 13:59 BJT

Watch Video

Play Video

EU member states have agreed on an oil embargo against Iran to pressure the country over its nuclear program. But Iran is responding to increasing sanctions with the vow to never give up its "peaceful" uranium enrichment activities.

The EU moves towards an oil ban on Iran. The sanctions will be formally announced at an EU foreign ministers’ meeting at the end of January.

A man looks at the rates outside a currency exchange in a shopping center in Tehran. The
European Union and the United States tightened the sanctions noose around Iran, with
diplomats in Brussels saying a preliminary agreement had been reached on an EU embargo of
Iranian oil. (AFP Photo/Atta Kenare)

Following an International Atomic Energy Agency report on Iran’s nuclear program issued in November, France urged the EU to have stricter sanctions to show its determination.

And the US, which has applied tough financial measures on Iran, welcomed the news. The UN Security Council has already passed four rounds of sanctions against Iran for refusing to halt uranium enrichment.

Oil prices spiked close to eight-month highs on Wednesday as the EU moved closer to
an Iran oil embargo and Tehran warned the US to remove its naval forces from the Gulf.
(AFP Photo/Ki Price)

Iran has dismissed threat brought by the sanctions, although the Iranian currency, the rial, has lost about 12% of its value since they were applied.

It also denies the West’s suspicions that it is producing nuclear weapons. Foreign Ministry spokesman Ramin Mehmanparast said Wednesday that Iran’s nuclear program is totally peaceful and is a basic right of the nation.

But the news of the EU embargo caused oil prices to spike, with Brent crude peaking at nearly 114 US dollars a barrel in intraday trading, up nearly 2% from Tuesday’s close.

As the EU currently accounts for around 17% of Iranian oil exports, some hold the embargo may force Iran to find new buyers.


Editor:Zhang Dan |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program