EU set to slap embargo on Iran's oil exports

• The European Union is set to slap an embargo on Iran's oil exports as the West ramped up pressure over the country's suspect nuclear drive and urged Tehran to return to the negotiating table.
• In the toughest measures yet to reduce Iran's ability to fund a nuclear weapons programme, EU Foreign Ministers meeting today is to strengthen existing sanctions by banning imports of Iranian crude as well as targeting finance, petrochemicals and gold.
• The measures come amid heightened concerns of confrontation following reports by the UN atomic agency, the IAEA, that Tehran is inching ever closer to building a nuclear bomb.