Oil and the Shah of Iran (1974) | 60 Minutes Archive

In 1974, Mike Wallace traveled to Iran for his first interview with Shah Mohammed Reza Pahlavi. The Arab oil embargo was ongoing, and Wallace asked the Shah about the oil profits Iran was making.

Ursula von der Leyen Says Putin Must Pay ‘High Price’ as She Proposes Oil Ban

THE GUARDIAN: European Commission chief says Russian supply of crude would be prohibited in EU within six months

Ursula von der Leyen acknowledged the demands from countries such as Slovakia and Hungary for additional flexibility. Photograph: Patrick Hertzog/AFP/Getty Images
Ursula von der Leyen has proposed a total ban on Russian oil imports to the EU, , saying Vladimir Putin had to pay a “high price for his brutal aggression” in Ukraine.

Member states in Brussels are scrutinising a proposed sixth package of sanctions, but in a speech on Wednesday the European Commission president said Russian oil flows had to stop.

Von der Leyen said Russian supply of crude oil would be prohibited within six months and refined products would be banned by the end of the year, while she acknowledged the demands from countries such as Slovakia and Hungary for additional flexibility.

“Let us be clear: it will not be easy,” Von der Leyen said in a speech to the European parliament. “Some member states are strongly dependent on Russian oil. But we simply have to work on it. We now propose a ban on Russian oil. This will be a complete import ban on all Russian oil, seaborne and pipeline, crude and refined. » | Daniel Boffey in Brussels | Wednesday, May 4, 2022