Europeans fear Iran oil embargo will wreck economy  With a
proposed embargo on Iranian oil, the European Union and the US
could suffer from rising oil prices while Iran simply finds new
buyers.  By , Correspondent    • close     In this 2008 photo
Iranian oil technician Majid Afshari checks the oil separator
facilities in Azadegan oil field, near Ahvaz, Iran.     View
Caption  The European Union is poised to ban Iranian oil
imports, even as critics warn the move could bring deep economic
pain to the continent while doing little to change the course of
the Iranian nuclear program.  Iran is playing a game of
political chicken with the EU and US. Iran loses if it can't
sell its oil.  But its leaders are calculating that the tight
oil market and a weak global economy will prevent the West from
being able to persuade others to join their embargo, allowing
Iran to simply find new customers. The outcome is completely
uncertain, but it will have a substantial impact on
the global economic recovery.  On Jan. 23, The E