02/02/2012 (Agence Europe) - Embargo on Iranian oil - Saudi Arabia ready to meet demand. According to a Council document on the EU's position at the next meeting of the International Energy Agency (IEA) governing board on 15-16 February, “the EU is continuously monitoring the market and stands ready to address further developments” in light of the “recent decision on further EU sanctions affecting the Iranian energy sector”. “Impacts of the EU import ban will largely depend on the...