Science and industry museum accused of hypocrisy for taking money from oil company
September 2nd, 2018:
Manchester science festival partners withdraw over Shell sponsorship
European Firms Hit Hard By U.S. Sanctions On Iran
Along with Royal Dutch Shell, Total was among the first energy companies to halt crude oil purchases from the Islamic Republic, fearing repercussions if they failed to do so.
By Scott Belinksi – Sep 01, 2018, 10:00 AM CDT
As Iran is turning to the UN’s International Court of Justice to have the US-imposed sanctions against its oil suspended, the EU is preparing for the hit its economies will have to absorb once the full weight of Washington’s punitive measures comes into effect in the fourth quarter of this year. With these latest moves, American intentions are clear: cut off Iranian oil from the market entirely and reduce Tehran’s financial power. As oil prices rise, however, the White House’s policy looks set to hurt more countries than just Iran. Will Europe’s economies take the hit – or will they fight back?