I looked, and there before me was a white horse! Its rider held a bow, and he was given a crown, and he rode out as a conqueror bent on conquest.

EU ambassadors have agreed upon an oil embargo against Iran, it must now be approved by EU foreign ministers.  The sanctions would ban the buying of Iranian petroleum products, and would halt all imports to EU members by July 1, 2012.

This follows new U.S. sanctions imposed at the beginning of January, 2012.  Taken together, the U.S. and EU oil embargoes could halt 2.6 million barrels of oil, driving oil prices up and adding to the overall instability of the world economy.

You’d think the Europeans would not want to do anything to stop Iranian oil, after all most of Iran’s oil goes to Europe.  But maybe that’s why the EU (with help from the U.S.) took over Libya’s oil in the fake revolution supported by NATO.  Now they can go after Iran without too much worry about oil supply.