IRAN

 

US Senate Pushes For Harsher Sanctions, Asian Buyers Cut Iranian Oil Imports

A new bill that introduces tougher measures against Iran’s oil industry was approved by the US Senate on 23 May. The Iran Sanctions Accountability and Human Rights Act calls for the sanctioning of any company that has signed any petroleum or uranium related agreement with Iran since 2002. It also calls for penalties against any financial entity that does business with the...