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Mike Lawler - 2 Jared Moskowitz - 2 Joe Biden - 2 Marco Rubio - 2 John Kennedy - 2 Maggie Hassan - 2 Jacky Rosen - 2 Vortexa - 2
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Search resuls for: "Iranian Petroleum"


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☆ US House easily passes bill to harden sanctions on Iranian oil
  + stars: | 2023-11-03 | by ( ) www.reuters.com   time to read: +2 min
Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - The U.S. 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 U.S. sanctions. While Congress can pass sanctions legislation, such measures often come with national security waivers that allow presidents discretion in applying the law. Despite U.S. sanctions on Iranian oil over its nuclear program, its exports of crude are soaring.
Persons: Dado Ruvic, Mike Lawler, Jared Moskowitz, Joe Biden, Marco Rubio, John Kennedy, Maggie Hassan, Jacky Rosen, Vortexa, Timothy Gardner, Richard Cowan, David Gregorio Our Organizations: REUTERS, Rights, U.S . House, Iranian Petroleum, Republican, Senate, Democratic, Thomson Locations: Iran, Israel, Tehran, China, Russia
☆ US House Easily Passes Bill to Harden Sanctions on Iranian Oil
  + stars: | 2023-11-03 | by ( Nov. | At P.M. | ) www.usnews.com   time to read: +2 min
WASHINGTON (Reuters) - The U.S. 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 U.S. sanctions. The bill must be passed by the Senate and signed by President Joe Biden before becoming law. While Congress can pass sanctions legislation, such measures often come with national security waivers that allow presidents discretion in applying the law. Despite U.S. sanctions on Iranian oil over its nuclear program, its exports of crude are soaring.
Persons: Mike Lawler, Jared Moskowitz, Joe Biden, Marco Rubio, John Kennedy, Maggie Hassan, Jacky Rosen, Vortexa, Timothy Gardner, Richard Cowan, David Gregorio Organizations: WASHINGTON, U.S . House, Iranian Petroleum, Republican, Senate, Democratic Locations: Iran, Israel, Tehran, China, Russia
☆ U.S. Sanctions Nine Companies for Moving Iranian Oil Products
  + stars: | 2023-02-09 | by ( Richard Vanderford | ) www.wsj.com   time to read: +2 min
The U.S. Treasury Department has sanctioned nine companies for allegedly helping move Iranian petroleum products and petrochemicals valued at hundreds of millions of dollars to buyers in Asia via a previously sanctioned Hong Kong company. Three companies in Malaysia and Singapore are among those facing sanctions, Treasury said Thursday. The companies were allegedly involved in the sale and shipment of products on behalf of Triliance Petrochemical Co., a Hong Kong-based broker that was added to the sanctions list in 2020. “Iran [is] increasingly turning to buyers in East Asia to sell its petrochemical and petroleum products, in violation of U.S. sanctions,” said Brian E. Nelson, a Treasury undersecretary. Officials are considering new sanctions on Chinese surveillance companies over sales to Iran’s security forces.
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