Escobar: EU needs Iran's oil, shoots itself into feet - YouTube
http://www.youtube.com/watch?v=fk-X1...feature=relmfu
Jan 23, 2012
Reports from Iran suggest a fierce reaction to the EU's move to impose an embargo on Iran's crude exports. To discuss the implications of fresh sanctions against Iran, RT talks to Pepe Escobar - columnist and 'Asia Times' correspondent, from Bangkok