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Congress approves new Iran sanctions on oil, shipping sectors

Wednesday, August 1, 2012

WN.com - World News
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Congress approves new Iran sanctions on oil, shipping sectors
Aug 2nd 2012, 01:48

WASHINGTON (Reuters) - The Congress overwhelmingly passed a new package of sanctions against Iran on Wednesday that aims to punish banks, insurance companies and shippers that help Tehran sell its oil. The legislation, agreed to by senior lawmakers of both parties, "seeks to tighten the chokehold on the regime beyond anything that has been done before," said Republican Representative Ileana Ros-Lehtinen, chair of the House Foreign Affairs Committee. The...
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