G8 raises pressure on Iran with oil commitment

Reuters – Leaders of the Group of Eight major economies raised the pressure on Iran on Saturday, committing to a common approach on its nuclear program and indicating they would be ready to act together to lower oil prices if necessary. “All of us are firmly committed to continuing with the approach of sanctions and pressure in combination with diplomatic discussions,” U.S. President Barack Obama told reporters at the G8 meeting at the presidential retreat in Camp David. Read Article