Iran Economy NewsU.S. expected to keep oil embargo even if Iran...

U.S. expected to keep oil embargo even if Iran nuclear deal struck

-

Reuters: A unilateral U.S. oil embargo on Iran is expected to remain in place even if a long-term nuclear agreement between Tehran and six world powers is reached that includes an easing of international sanctions, a U.S. official said on Thursday.

 

By Louis Charbonneau

VIENNA (Reuters) – A unilateral U.S. oil embargo on Iran is expected to remain in place even if a long-term nuclear agreement between Tehran and six world powers is reached that includes an easing of international sanctions, a U.S. official said on Thursday.

The embargo pre-dates the decade-long nuclear dispute with Iran. Washington cut off diplomatic ties with Tehran during a hostage crisis shortly following the 1979 Islamic Revolution and began imposing sanctions around the same time.

“The American domestic oil embargo is expected to remain in place even if a comprehensive agreement is reached,” the U.S. official told Reuters on condition of anonymity.

Western diplomats say U.S. companies would be unhappy about being left out if European Union and U.N. sanctions are lifted, allowing non-U.S. firms to resume business with the Islamic Republic. Iranian officials say they would have no problem with American oil companies returning to Iran.

The U.S. official spoke after Iran and the six powers – Britain, China, France, Germany, Russia and the United States – agreed on an agenda and schedule for talks aimed at ending the dispute over Tehran’s nuclear ambitions.

Earlier, a senior U.S. official said the United States would like to see sanctions lifted, but that cannot happen until an agreement on Iran’s nuclear project is reached. Another U.S. official said those remarks referred only to sanctions imposed after the dispute over the nuclear program broke out in 2002.

(Additional reporting by Fredrik Dahl and Parisa Hafezi; Editing by Larry King)

Latest news

Iran: No to Execution Tuesdays Campaign Marks 133rd Week

Reports indicate that on Tuesday, August 11, the No to Execution Tuesdays Campaign entered its 133rd week, with thousands...

British Couple Imprisoned in Iran End Hunger Strike After Nearly Three Months

The family of Lindsay and Craig Foreman, a British couple imprisoned in Iran, announced that the two had ended...

How the Strait of Hormuz Crisis Impacts the Livelihoods of the Iranian People

Military tensions and the Iranian regime's blockade of the Strait of Hormuz have pushed the livelihoods of people inside...

Maritime Blockade is Worse Than War, President of Iran-China Chamber of Commerce Warns

Majid-Reza Hariri, president of the Iran-China Chamber of Commerce, warned about the consequences of the continued maritime blockade of...

Veteran War Commander Takes Over Iranian Regime Security Council

Mojtaba Khamenei, the supreme leader of the Iranian regime, appointed Mohsen Rezaei as his representative to the Supreme National...

Fresh Warning Over Continued IRGC Attacks on Commercial Shipping

The Joint Maritime Information Center (JMIC) said that attacks and harassment by Iran's Islamic Revolutionary Guard Corps (IRGC) against...

Must read

Bush says Iran threatens world security

Iran Focus: Tehran, Iran, Jan. 26 – United States...

Iran tells Muslims to target U.S., not Denmark, over cartoons

Iran Focus: Tehran, Iran, Feb. 10 – A senior...

You might also likeRELATED
Recommended to you