Greece to back EU on Iran sanctions

BOSTON (MarketWatch)
Despite being increasingly dependent on Iranian oil, Greek officials said Tuesday that the Greek government will back an embargo on Iranian oil if its fellow European Union states move to impose one, according to Reuters.
The EU is considering joining the U.S. in an embargo on Iranian oil, with a meeting on the matter slated for Jan. 30.
Because of its dire financial position, Greece has had to stop buying oil from suppliers such as Russia, Azerbaijan and Kazakhstan.
Iran has been one of the few nations willing to supply the cash-strapped Greeks, Reuters added.