From Oil Price
By John Daly
''The first U.S. economic sanctions against Iran were instituted in 1979
following the overthrow of the Pahlavi monarchy and its replacement by
an Islamic Republic, while the first United Nations Security Council
sanctions again Iran were implemented by Resolution 1737, voted in 23
December 2006. Earlier this year, European Union foreign ministers
agreed to place sanctions on Iranian oil and oil products because of
Iran’s purported non-compliance with its obligations of the Treaty on
the Non-Proliferation of Nuclear Weapons (NPT), and the EU sanctions
entered into force on 1 July.''
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