Iran oil ban to recoil on EU

Iran is facing further isolation, as the world's biggest electronic banking system, known as SWIFT, prepares to cut off dozens of financial firms blacklisted by the EU. It's part of a broader effort by European nations who also plan to impose an embargo on Iranian oil this summer, to pressure Iran over its nuclear programme. But as Sara Firth reports, the measures are likely to ricochet back.

• 2012-03-16T17:03:21+00:00
• Duration: 03:23

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