Sunday, Apr 26, 2015Sunday, Apr 26, 2015
 

US Senate approves new sanctions for Iran energy, shipping

Published on Dec 1, 2012 5:56 AM
 

WASHINGTON (REUTERS) - The United States (US) Senate resoundingly approved on Friday expanded sanctions on global trade with Iran's energy and shipping sectors, its latest effort to ratchet up economic pressure on Teheran over its nuclear programme.

The new package, which keeps in place exemptions for countries that have made significant cuts to their purchases of Iranian crude oil, would be the third round of sanctions in a year if passed into law.

The existing sanctions have already hurt Iran's economy, but it is uncertain whether the additional measures will stop or slow Iran's nuclear programme.

Washington says Teheran is enriching uranium to levels that could be used in nuclear weapons. Iran says the programme is for peaceful purposes.

 
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!