Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

U.S. Hits Hard At Iran’s Energy Sector

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.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “U.S. Hits Hard At Iran’s Energy Sector”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.