Iran Embargo Penalizes Spain

Unintended consequences that will cause more economic pain for Spain. While Spain will suffer, the sanctions are not stopping Iran from selling it's oil to other countries.

Spain pain: ‘Iran oil embargo to backfire on Madrid’
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adrid is becoming concerned at how it is going to compensate for the half of its oil imports which will be lost due to the EU embargo on Iranian oil. The economic crisis is only adding to Spain’s woes.

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Meanwhile, the US and EU sanctions, though complicating Tehran’s international financial transactions, so far have failed to destroy its oil trade.