All data is delayed
See More

US tightens oil sanctions on Iran

Feb 06 2013 19:31

Washington -The United States on Wednesday imposed new sanctions on Iran to choke off its oil income, saying it was necessary to increase the pressure on Tehran over its suspected nuclear weapons program.

The US Treasury said it was tightening up the list of countries allowed to continue buying Iranian oil without violating the US sanctions regime.

Those still permitted to buy Iranian oil will have to retain their payments outside Iran, to prevent Tehran access to the funds, the Treasury said.

"So long as Iran continues to fail to address the concerns of the international community about its nuclear program, the US will impose tighter sanctions and intensify the economic pressure against the Iranian regime," said US Treasury official David Cohen.

The United States also placed sanctions on Islamic Republic of Iran Broadcasting, the government's broadcast authority, and its chief Ezzatollah Zarghami, for censorship and for broadcasting forced confessions of political detainees.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

united states  |  iran  |  sanctions against iran


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote