The Obama administration is working to balance its support of United Nations Security Council sanctions against Iran by opposing similar sanctions in the process of being formulated by the U.S. Congress.
The American version of such sanctions would punish firms that sell refined petroleum products to the Islamic Republic or help the country's oil industry in other ways. The sanctions would apply only to U.S. agencies and companies and would not be binding on other countries.
Other nations are also considering similar measures, now that the U.N. sanctions have been approved.
Sunday, June 13, 2010
Well knock me over with a feather.
Posted by traderrob at 4:58 AM