Middle East Economic Survey

VOL. LIII

No 27

5-Jul-2010

Tighter Sanctions Aimed At Irans Energy Sector

The latest sanctions imposed against Iran, aimed at curbing nuclear proliferation, are tighter than previous rounds and specifically target the countrys energy sector. They threaten to further retard the much needed oil and gas industry development, and they exploit Tehrans reliance on imported products, particularly gasoline. This time around the GCC is also being more proactive, with the UAE...