close
This ad will auto close in 10 seconds

New US sanctions on Iran`s state-owned oil company

New sanctions on oil company have been imposed because of its links to the country`s Revolutionary Guard corps.



Washington: The Obama administration is imposing new sanctions on Iran`s state-owned oil company because of its links to the country`s hard-line Revolutionary Guard corps.
The Treasury Department`s designation comes on top of existing US sanctions on the National Iranian Oil Co. Governments may still import oil from Iran without the threat of American financial penalties if they are granted exemptions by the Obama administration.

Today`s action was praised by Democratic Rep Howard Berman. He said transactions with the National Iranian Oil Co. "directly support" the Revolutionary Guard`s role in Iran`s disputed nuclear development programme and its fomenting of international terrorism.

PTI

From Zee News

0 Comment - Join the Discussions

trending

photo gallery

video


WION FEATURES

A wearable sticker that can prevent sexual assault

Neymar set to move to Paris Saint Germain

Council in Pakistan orders Revenge Rape of a 16-Year-Old

Photographing the world from a plane

Indian female cops are out in full force to protect women

Delhi's Mini Afghanistan: Far from war, these Afghanis have found their home in India