European Union agreed in principle to ban import of Iranian Crude oil. Consider the following statements: 1. The European Union (EU) is one of Iran's biggest markets for oil. 2. The EU is a political and economical union of 27 member states. Choose the right option:

• A. Only 1is correct
• B. Only 2 is correct
• C. Both 1 and 2 are correct
• D. Neither 1 nor 2 is correct