Obama Makes Room for New Sanctions Against Iran
On Friday, President Obama prepared to put the squeeze on Iran’s international oil business as an oblique, but not ambiguous, means of pressuring Tehran about its nuclear program by laying the groundwork for more sanctions. –KA
Wait, before you go…
The New York Times:
President Obama has determined there is enough oil in world markets to allow countries to rely less on imports from Iran, a step that could increase Western actions to deter Tehran’s nuclear ambitions, an administration official said Friday.
[…] Mr. Obama’s decision was to be announced Friday afternoon in a conference call, the official said. He made the decision after consultations with a number of oil exporters that had agreed to increase production. The decision comes even as gas prices have risen in recent months, a rise that his political advisers say could hamper his re-election efforts.
The new sanctions, passed as part of the defense budget and mandated by the Senate in a rare 100-to-0 vote, penalize foreign corporations or other entities that purchase oil from Iran’s central bank, which collects payment for most of the country’s energy exports. The penalties are meant to pressure Iran to curb its nuclear program.
If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.
Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.Support Truthdig