Middle East Economic Survey

VOL. LII

No 12

23-Mar-2009

IRAN

US Extends Sanctions Against Iran

US President Barack Obama on 12 March extended for one year the sanctions against Iran that were imposed in 1995 by the Clinton administration and banned US companies from investing in or trading with Iran. In a message to the US Congress, Mr Obama said these actions and policies of the government of Iran are contrary to the interests of the United States in the region and pose a continuing unusual and...