CRISISBOOM

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Iran is accusing the EU of waging an economic war. It’s in response to Europe considering banning Iranian oil imports in the coming weeks. There’s already a verbal standoff over sanctions imposed by the U.S. at the end of last year, aimed at pressing Iran into abandoning its nuclear programme. Tehran threatened to block a key maritime trade route in the Persian Gulf, and later backed off, but is still warning U.S. ships against sailing in the area. Iran will reportedly hold another naval drill next month. But anti-war activist John Rees sees Western worries over Iran’s supposed nuclear ambitions, as an excuse to curtail Iranian influence in the region.