Posted by | January 26, 2012 11:25 | Filed under: Top Stories

It looks like sanctions against Iran are working.

Iran is ready to revive talks with the world powers, President Mahmoud Ahmadinejad said Thursday, as toughening sanctions aim at forcing Tehran to sharply scale back its nuclear program…

The 27-member European Union imposed an oil embargo against Iran on Monday, part of sanctions to pressure Tehran into resuming talks on the country’s nuclear program. It follows U.S. action also aimed at limiting Iran’s ability to sell oil, which accounts for 80 percent of its foreign revenue.

No date is set for the possible resumption of talks between Iran and the five permanent U.N. Security Council members plus Germany. Negotiations ended in stalemate in January 2011, and Iran later rejected a plan to send its stockpile of low-enriched uranium abroad in exchange for reactor-ready fuel rods.

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Copyright 2012 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.