US EditionHouse passes bill aimed at expanding Iran oil sanctions
- The US Congress has passed a bill to tighten sanctions on Iranian oil, with measures also being imposed on foreign ports and refineries involved in the trade.
- The bill's impact and effectiveness are being questioned, as existing sanctions on Iran's energy sector are already extensive. The inclusion of sanctions on ports could escalate tensions, and it may also complicate the process of lifting the sanctions in the future.
- Despite the sanctions, Iran has still been able to export oil, largely thanks to China as a major buyer. Enforcing sanctions on transactions that don't touch American financial markets could prove challenging.
13 Articles
13 Articles
House Passes Bipartisan Bill Imposes Sanctions on Ports Processing Iranian Oil - American Faith
In a bipartisan vote, the GOP House passed a bill that imposes new sanctions on ports and refineries that process oil from Iran. The Stop Harboring Iranian Petroleum Act, also known as the SHIP Act, also removes visas of foreign nationals in the United States who aid the Iranian government in exporting oil. The bill passed 342-69, with Rep. Thomas Massie (R-KY) as the only Republican who voted against the bill. The bill now moves to the Senate. …
US House passes bill to expand sanctions against Iranian oil
Washington DC [US], November 4 (ANI): In a strong bipartisan vote, the US Congress passed a bill on Friday to harden sanctions on Iranian oil, which would also impose measures on foreign ports and refineries that facilitate the trade of oil from Tehran, The Hill reported. It would impose measures on foreign ports and refineries […]
US House easily passes bill to harden sanctions on Iranian oil
The US House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote. The Stop Harboring Iranian Petroleum (SHIP) bill, which passed 342-69, would impose measures on foreign ports and refineries that process petroleum exported from Iran in violation of US sanctions. US lawmakers are debating several pieces of legislation to pressure Iran after the October 7 attacks on Israel by Hamas that…
House Passes Bill to Impose Sanctions on Iranian Petroleum Amid Hamas, Hezbollah Attacks
The House overwhelmingly passed on Nov. 3 a bill that would impose sanctions on Iranian oil. It passed 342–69 and comes as the Iran-backed Hamas and Hezbollah terrorist groups have launched attacks on Israel. Iran is a major producer and exporter of petrochemicals, with China being the major importer. Additionally, the funds the regime receives helps finance terrorist groups. The Stop Harboring Iranian Petroleum Act, or SHIP Act, was introduced …
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