(Reuters-New York Times) The U.S. Senate approved legislation on Thursday that would let President Obama impose sanctions on Iran's gasoline suppliers and penalize some of Tehran's elites, a move aimed at pressing Tehran to give up its nuclear program. The sanctions would include the denial of loans and other assistance from American financial institutions to companies that export gasoline to Iran or help expand its oil-refining capacity. The penalties would extend to companies that build oil and gas pipelines in Iran and provide tankers to move Iran's petroleum. The measure prohibits the U.S. government from buying goods from foreign companies that do business in Iran's energy sector. The House has passed similar legislation.
2010-01-29 08:20:51Full ArticleBACK Visit the Daily Alert Archive