Iran warns region against "dangerous" stance on Hormuz - Ibon Villelabeitia

http://www.reuters.com/article/2012/01/19/us-iran-idUSTRE80H15Z20120119


The die was cast for international oil sanctions against Iran when Obama signed legislation on December 31 that would freeze out any institution dealing with Iran's central bank, making it impossible for most countries to buy Iranian oil. Similar measures are expected from Europe this month.
"On the central bank, things have been moving in the right direction in the last hours," one EU diplomat said on Wednesday. "There is now a wide agreement on the principle. Discussions continue on the details."
An IAEA report in November lent weight to concerns that Iran has worked on designing a nuclear weapon, and Tehran is shifting enrichment to an underground bunker in a mountain fortified against air attack.