Iran is feeling the effects of U.S. sanctions over its nuclear program. The International Energy Agency says Iranian oil exports have fallen to a ten-year low.

Oil prices fell today on the possible resumption of nuclear talks between Iran, the U.S. and its allies. But would prices stay down for long?

Oil prices have jumped to a near nine month high this morning. That's after Iran cut exports to Britain and France over sanctions related to Iran's nuclear program.

Not everyone is so sure that the answer is yes.

Barbie isn't allowed either.

The hope is further isolation by freezing assets and penalizing the banks that do business with Iran.

As part of the effort to prevent Tehran from developing its nuclear weapons program, the EU unites on imposing sanctions against Iran.

The EU has agreed on a plan to phase out Iranian oil deals, as part of the broader sanctions against the country and its nuclear program.

The U.S. treasury secretary wants China to impose sanctions, but may find the Chinese — big buyers of Iranian oil — in no hurry to make up their minds.

Key on the agenda: Getting Japan and China to support Iran oil sanctions.