Thursday, October 29, 2009

Key US panel approves new Iran sanctions

Key US panel approves new Iran sanctions: "Iran's main gasoline suppliers, including British, French, Swiss and Indian firms, may face tough US sanctions under a bill that sailed through a key House of Representatives panel Wednesday.
By a voice vote, the House Foreign Affairs Committee approved legislation aimed at tightening the economic vise on the Islamic republic over its suspect nuclear program, which the West charges hides an effort to get atomic weapons.
The measure would empower US President Barack Obama to effectively block firms that supply Iran with refined petroleum products, or the ability to import or produce them at home, from doing business in the United States."