Middle East Economic Survey
VOL. LII
No 44
2-Nov-2009
IRAN
US House Passes Expanded Sanctions Bill Against Iran
The US House Foreign Affairs Committee passed on 28 October a new bill that empowers the administration of US President Barack Obama to levy heavy fines and exclude any company exporting petroleum products to Iran from Strategic Oil Reserve contracts. The legislation, sponsored by almost 75% of the House members, was nearly unanimously accepted. The bill expands the existing Iran...
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