Luxembourg, 25/06/2012 (Agence Europe) - Further to its assessment, the Foreign Affairs Council of 25 June confirmed the effective entry into force on 1 July of sanctions decided upon at its meeting of 23 January 2012 on the grounds of the Iranian nuclear programme and to cut off its sources of funding. This means that as of this 1 July, the embargo on oil will be effective, with the end of contracts to import Iranian oil concluded before 23 January. Furthermore, European insurers will no...