Iran Economy NewsU.S. hits hard at Iran's energy sector

U.S. hits hard at Iran’s energy sector

-

UPI: Increasing pressure on Iran’s energy sector is a way to coerce the regime in Tehran to abandon its nuclear ambitions, a U.S. Senate banking committee said.

WASHINGTON, Feb. 3 (UPI) — Increasing pressure on Iran’s energy sector is a way to coerce the regime in Tehran to abandon its nuclear ambitions, a U.S. Senate banking committee said.

The Senate Banking Committee backed a sanctions and accountability act that places further restrictions on Iran’s ability to generate income through oil and natural gas sales.

The banking committee said the measure would extend sanctions to companies engaged in energy-related ventures “anywhere in the world” where Iran’s government is a major investor.

“With these new sanctions we are giving Iran’s leaders a clear choice,” committee Chairman Sen. Tim Johnson, D-S.D., said in a statement. “Iran can end its suppression of its own people, come clean on its nuclear program, suspend enrichment and stop supporting terrorist activities around the globe.”

The European Union in January placed an embargo on Iranian crude oil as punishment for Iran’s alleged pursuit of a nuclear weapon. Iran maintains its intentions are peaceful, noting the EU effort was for naught as only 20 percent of its oil exports head to European consumers.

Iranian Supreme Leader Ali Khamenei said Friday that the West would pay the consequences for targeting the energy sector.

“The U.S. and others must be aware that we have threats in the face of threats and oil embargo that will be carried out when deemed necessary,” he was quoted by the Tehran Times as saying.

Latest news

Iranian People’s Resistance Changed the Appeasement Policy

Soon after the new US government started its obligations in January 2021, hand in hand with the European governments...

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Who Is Abolqasem Salavati Iran Regime’s Killer Judge?

Last week, it was announced that the case of several people who were arrested during the Iranian People's uprising...

Iran Revolution Characteristics

More than two months have passed since the start of the latest round of protests in Iran against the...

Iran’s Regime Is Unable To Eradicate Protests

Totalitarian governments, whether be it a monarchy or a clerical regime, and their international supporters are pursuing the same...

Must read

20 executed en masse in Iran

Iran Focus: Tehran, Iran, Jul. 04 - Iranian authorities...

Iran: Widespread Corruption, Fake Diplomas, Ph.Ds. Sold at $9000

Inside the Iranian government, because of the centralization of...

You might also likeRELATED
Recommended to you