1. PRESSURE

    E.U. Toughens Iran Sanctions

    Virginia Mayo / AP Photo

    Putting its shiny, new Nobel Peace Prize to good use, the European Union announced plans to toughen sanctions against Iran as a result of the country’s continued efforts to pursue its disputed nuclear program. The new sanctions, which are the most far-reaching since the ban on oil imports in July, ban trade in finance, metal, and natural-gas sectors. They also make business transactions in other areas more difficult, prohibiting “all transactions” between Iranian and European banks. The European Union’s foreign-policy chief said, “We will continue to keep up the pressure,” adding that the sanctions policy “is important because it’s quite clearly having an effect.”

    Read it at The New York Times