OPEC/NON-OPEC

US Legislature Proposes Ban on Imparts from Iran

In reaction to figures revealing that the US imported some 630,000 b/d of Iranian crude in July, both houses of Congress have put forward proposals to ban all imports from Iran, including crude. The Senate unanimously approved an embargo on imports from Iran as an amendment to the 1988 defense bill on 29 September, while the Ways and Means Committee of the House of Representatives on 1 October included a provision in new tax...