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 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.

German Chancellor Angela Merkel said she'll support more sanctions on Syria. But do sanctions even work? Joshua Landis, an expert on Syria and a professor at the University of Oklahoma, explains.

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

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

While Iran faces off against the international community, it faces a crisis of economic confidence at home.

European officials meeting in Brussels today have reportedly agreed to an Iranian oil embargo. It's the latest move by the west to punish Iran for its nuclear ambitions.

Syria has missed a deadline it was given by the Arab League to end violent conflict in the country. Now, Syrians will feel the hurt of economic sanctions.