Iran General NewsUS Senators target Iran's gasoline imports

US Senators target Iran’s gasoline imports

-

ImageAFP: US Senators have crafted legislation aimed at choking off Iran's gasoline imports to break its defiance of global demands to freeze its suspect nuclear program, their offices said Monday.

ImageWASHINGTON (AFP) — US Senators have crafted legislation aimed at choking off Iran's gasoline imports to break its defiance of global demands to freeze its suspect nuclear program, their offices said Monday.

The bill, which has the support of 23 senators from both major US parties, would empower President Barack Obama to punish petroleum exporters supplying Iran, including a ban on doing business in the United States, they said.

Democratic Senator Evan Bayh, Republican Senator Jon Kyl and independent Senator Joseph Lieberman are the lead authors of the measure, which comes one week after lawmakers introduced a similar bill in the House of Representatives.

The senators were to unveil the legislation at a press conference on Tuesday.

"Limiting Iran's access to essential energy supplies could aid US diplomatic efforts to achieve concessions from the Iranian government regarding its nuclear operations," Bayh, Kyl and Lieberman said in a joint statement.

At the same time, a key committee in the House will take up that chamber's version of the legislation, which comes as US lawmakers express growing frustration at the pace of diplomatic progress in nuclear talks with Iran.

Iran, though rich in oil, is estimated to rely on gasoline imports to meet 40 percent of domestic demand, most of it coming from five European firms and one Indian company.

Entities potentially affected include the Swiss firm Vitol, the Swiss/Dutch firm Trafigura, the French firm Total, the Swiss firm Glencore, and British Petroleum, as well as the Indian firm Reliance, while Lloyds of London insures the majority of tankers carrying gasoline to Iran.

The new legislation would expand the criteria under which a company could face US sanctions under a 1996 law targeting investments over more than 20 million dollars in Iran's oil and gas infrastructure.

Latest news

Iran’s New Generation Seeks Nothing but Regime Change

In a silly and desperate statement, the Iranian regime’s foreign minister Hossein Amir-Abdollahian claimed that nothing special is going...

Iran’s Youths Broke the Spell of Fear

One of the main characteristics of the recent protests in Iran is the courage and fearlessness of the people,...

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Must read

Israel to focus on Iran threat in talks with Clinton

AFP: Israel will focus on Iran in talks with...

Iran: A World Leader in Misogyny

Iran Focus London, 8 Mar - It’s hardly surprising that...

You might also likeRELATED
Recommended to you