The Boycott of Iran's Oil (with Emphasis on European Union Boycott of Iranian Oil in the Year 2012)

The success of Iran in enrichment of uranium and obtaining nuclear fuel cycle has provoked mixed reactions from international community. Some of the countries including the United States and her allies did not hesitate in showing their strongest opposition to Iran They have made hue and cry and tried to present Iran as a country which is a threat to peace. They have sent Iran’s nuclear case to Security Council and are issuing resolution calling for sanction against Iran. In this way they are forcing Iran to stop her peaceful nuclear activities. In this direction the European statesmen under the pressure of the United States and with the intention of exerting pressure on Iranian oil revenue and economy brought up the issue of sanction against Iran. The European Union in the direction of implementing Security Council resolution 1929 followed the boycott of purchasing oil from Iran. The European Union referred to preamble of the resolution as a legal base for their action against Iran. The present paper wants to explain whether this oil sanction can be continued or it will be discontinued in the year 2012.