US Senate passes sanctions on Iran central bank

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The US Senate has unanimously approved economic sanctions on Iran targeting the country’s oil industry, despite warnings the move could backfire.

The measures, passed by 100 votes to nil, would ban foreign firms from doing business with the Iranian central bank.

Before it can become law, it must be approved by the House and President Barack Obama, who is sceptical.

The effort to thwart Iran’s alleged nuclear ambitions followed new EU sanctions imposed on Thursday.

Meanwhile, diplomats at the Iranian embassy in London must leave Britain by Friday afternoon.

They were ordered to go after hundreds of Iranian protesters stormed the UK embassy in Tehran on Tuesday.

Oil-price rise?

In recent weeks the US has introduced sanctions against Iran’s financial sector, although it has stopped short of targeting the central bank outright.

President Barack Obama has been cautious about harsher sanctions, fearing such a move could disrupt the oil markets at a time of economic uncertainty for many Americans, and alienate potential allies.

US officials have also warned that depriving global markets of Iranian exports could send oil prices sharply higher, gifting Tehran a funding boost.

Unless a compromise is reached, the president will have to decide whether to veto it.

The US has already forbidden its own banks from dealing directly with the Iranian central bank.

Under the new sanctions, drafted by Democrat Robert Menendez and Republican Mark Kirk, foreign banks that do business with Iran’s central bank would be cut off from the US financial system.

The sanctions are designed to come into effect after a six-month grace period – in order to give oil markets time to factor them in.

The measures were part of a much larger $662bn (£422bn) defence bill, which also cruised through the Senate on Thursday night.

Europe’s new sanctions blacklist 180 Iranian officials and firms, but do not impose an oil embargo on Iran, because some European countries are dependent on Iranian oil.

Ministers meeting in Brussels also agreed on Thursday to work on other measures targeting Iran’s energy sector.

The latest round of sanctions follow a recent UN report that linked Iran with the development of a nuclear weapon.

Tehran insists its nuclear programme is strictly for civilian purposes.

Officials say the latest round of sanctions is not related to the storming of the UK embassy in Iran.

The British government says all UK diplomatic staff in Tehran have been evacuated and the embassy closed.

Iran has said it regretted the incident, which it described as “unacceptable behaviour by a small number of protesters”.

BBC

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18 responses to “US Senate passes sanctions on Iran central bank”

  1. Thats ok, it will pass, followed by a oil embargo, then ?.. Lots of building up.. Springtime for mullahs I think..

    1. 5thDrawer Avatar

      Can’t wait until they are pushing up flowers, I. A. 🙂

    2. 5thDrawer Avatar

      Can’t wait until they are pushing up flowers, I. A. 🙂

    3. 5thDrawer Avatar

      Do you think this has anything to do with some people dumping on Canada’s Tar Sands – and a pipeline?

      1. No, thats the damn environmentalist wackos here,Bot only did Barry blow like 50,000 jobs on building the pipeline, it’s not heavily reported yet but he killed a plan today in Ohio that wiped out 200,000 jobs doing oil sands… But he did make it legal to eat horse meat(no fricken joke)I cannot wait till he is out of office, we need a hard*ss right now to tighten the belt here AND deal with Iran, and it looks to be he is going to veto a unanimous congress and senate against hitting Iran’s central bank.. He is just too liberal for any country..The world needs firm leaders to fix this crisis, not dictators, but not a bunch of stoolies either.. Look at Lebanon, before Hezbollah took over and started a dam war, You was almost there.. Lebanon can be a Diamond on the Med in 5 years once those maniacs are out of the picture.Get rid of that trash and make a peace deal with Israel and build your country.It’s like the gas fat boy says Israel is stealing.. ahh no thats in their waters, BUT you wont know what you have until you explore yours.You might have a windfall waiting too, and you deserve it.Just get rid of the conspiracy man and watch your economy rise.I think if Iran and Syria fall and you get rid of them and Israel squashes Hamas and Islamic Jihad there could be huge gains in the ME in less than a decade and in 50 years, you could be completely caught up to the rest of the world..ONE can always hope.

        1. 5thDrawer Avatar

          What? You could shoot almost any animal for sport and food, eat steers – but not horses??  🙂 Wow.
          Was that some kind of discrimination?  😉  Bad enough that bacon is hard to find in the Middle East. 🙂

          Sorry to say, but it doesn’t seem to me there’s anyone running who is capable of anything.
          Sticking with Obama-rama might be best. At least he’s able to talk. 😉

      2. No, thats the damn environmentalist wackos here,Bot only did Barry blow like 50,000 jobs on building the pipeline, it’s not heavily reported yet but he killed a plan today in Ohio that wiped out 200,000 jobs doing oil sands… But he did make it legal to eat horse meat(no fricken joke)I cannot wait till he is out of office, we need a hard*ss right now to tighten the belt here AND deal with Iran, and it looks to be he is going to veto a unanimous congress and senate against hitting Iran’s central bank.. He is just too liberal for any country..The world needs firm leaders to fix this crisis, not dictators, but not a bunch of stoolies either.. Look at Lebanon, before Hezbollah took over and started a dam war, You was almost there.. Lebanon can be a Diamond on the Med in 5 years once those maniacs are out of the picture.Get rid of that trash and make a peace deal with Israel and build your country.It’s like the gas fat boy says Israel is stealing.. ahh no thats in their waters, BUT you wont know what you have until you explore yours.You might have a windfall waiting too, and you deserve it.Just get rid of the conspiracy man and watch your economy rise.I think if Iran and Syria fall and you get rid of them and Israel squashes Hamas and Islamic Jihad there could be huge gains in the ME in less than a decade and in 50 years, you could be completely caught up to the rest of the world..ONE can always hope.

        1. 5thDrawer Avatar

          What? You could shoot almost any animal for sport and food, eat steers – but not horses??  🙂 Wow.
          Was that some kind of discrimination?  😉  Bad enough that bacon is hard to find in the Middle East. 🙂

          Sorry to say, but it doesn’t seem to me there’s anyone running who is capable of anything.
          Sticking with Obama-rama might be best. At least he’s able to talk. 😉

  2. Thats ok, it will pass, followed by a oil embargo, then ?.. Lots of building up.. Springtime for mullahs I think..

    1.  Avatar

      Can’t wait until they are pushing up flowers, I. A. 🙂

    2.  Avatar

      Do you think this has anything to do with some people dumping on Canada’s Tar Sands – and a pipeline?

      1. No, thats the damn environmentalist wackos here,Bot only did Barry blow like 50,000 jobs on building the pipeline, it’s not heavily reported yet but he killed a plan today in Ohio that wiped out 200,000 jobs doing oil sands… But he did make it legal to eat horse meat(no fricken joke)I cannot wait till he is out of office, we need a hard*ss right now to tighten the belt here AND deal with Iran, and it looks to be he is going to veto a unanimous congress and senate against hitting Iran’s central bank.. He is just too liberal for any country..The world needs firm leaders to fix this crisis, not dictators, but not a bunch of stoolies either.. Look at Lebanon, before Hezbollah took over and started a dam war, You was almost there.. Lebanon can be a Diamond on the Med in 5 years once those maniacs are out of the picture.Get rid of that trash and make a peace deal with Israel and build your country.It’s like the gas fat boy says Israel is stealing.. ahh no thats in their waters, BUT you wont know what you have until you explore yours.You might have a windfall waiting too, and you deserve it.Just get rid of the conspiracy man and watch your economy rise.I think if Iran and Syria fall and you get rid of them and Israel squashes Hamas and Islamic Jihad there could be huge gains in the ME in less than a decade and in 50 years, you could be completely caught up to the rest of the world..ONE can always hope.

        1.  Avatar

          What? You could shoot almost any animal for sport and food, eat steers – but not horses??  🙂 Wow.
          Was that some kind of discrimination?  😉  Bad enough that bacon is hard to find in the Middle East. 🙂

      2. No, thats the damn environmentalist wackos here,Bot only did Barry blow like 50,000 jobs on building the pipeline, it’s not heavily reported yet but he killed a plan today in Ohio that wiped out 200,000 jobs doing oil sands… But he did make it legal to eat horse meat(no fricken joke)I cannot wait till he is out of office, we need a hard*ss right now to tighten the belt here AND deal with Iran, and it looks to be he is going to veto a unanimous congress and senate against hitting Iran’s central bank.. He is just too liberal for any country..The world needs firm leaders to fix this crisis, not dictators, but not a bunch of stoolies either.. Look at Lebanon, before Hezbollah took over and started a dam war, You was almost there.. Lebanon can be a Diamond on the Med in 5 years once those maniacs are out of the picture.Get rid of that trash and make a peace deal with Israel and build your country.It’s like the gas fat boy says Israel is stealing.. ahh no thats in their waters, BUT you wont know what you have until you explore yours.You might have a windfall waiting too, and you deserve it.Just get rid of the conspiracy man and watch your economy rise.I think if Iran and Syria fall and you get rid of them and Israel squashes Hamas and Islamic Jihad there could be huge gains in the ME in less than a decade and in 50 years, you could be completely caught up to the rest of the world..ONE can always hope.

      3. No, thats the damn environmentalist wackos here,Bot only did Barry blow like 50,000 jobs on building the pipeline, it’s not heavily reported yet but he killed a plan today in Ohio that wiped out 200,000 jobs doing oil sands… But he did make it legal to eat horse meat(no fricken joke)I cannot wait till he is out of office, we need a hard*ss right now to tighten the belt here AND deal with Iran, and it looks to be he is going to veto a unanimous congress and senate against hitting Iran’s central bank.. He is just too liberal for any country..The world needs firm leaders to fix this crisis, not dictators, but not a bunch of stoolies either.. Look at Lebanon, before Hezbollah took over and started a dam war, You was almost there.. Lebanon can be a Diamond on the Med in 5 years once those maniacs are out of the picture.Get rid of that trash and make a peace deal with Israel and build your country.It’s like the gas fat boy says Israel is stealing.. ahh no thats in their waters, BUT you wont know what you have until you explore yours.You might have a windfall waiting too, and you deserve it.Just get rid of the conspiracy man and watch your economy rise.I think if Iran and Syria fall and you get rid of them and Israel squashes Hamas and Islamic Jihad there could be huge gains in the ME in less than a decade and in 50 years, you could be completely caught up to the rest of the world..ONE can always hope.

      4. No, thats the damn environmentalist wackos here,Bot only did Barry blow like 50,000 jobs on building the pipeline, it’s not heavily reported yet but he killed a plan today in Ohio that wiped out 200,000 jobs doing oil sands… But he did make it legal to eat horse meat(no fricken joke)I cannot wait till he is out of office, we need a hard*ss right now to tighten the belt here AND deal with Iran, and it looks to be he is going to veto a unanimous congress and senate against hitting Iran’s central bank.. He is just too liberal for any country..The world needs firm leaders to fix this crisis, not dictators, but not a bunch of stoolies either.. Look at Lebanon, before Hezbollah took over and started a dam war, You was almost there.. Lebanon can be a Diamond on the Med in 5 years once those maniacs are out of the picture.Get rid of that trash and make a peace deal with Israel and build your country.It’s like the gas fat boy says Israel is stealing.. ahh no thats in their waters, BUT you wont know what you have until you explore yours.You might have a windfall waiting too, and you deserve it.Just get rid of the conspiracy man and watch your economy rise.I think if Iran and Syria fall and you get rid of them and Israel squashes Hamas and Islamic Jihad there could be huge gains in the ME in less than a decade and in 50 years, you could be completely caught up to the rest of the world..ONE can always hope.

  3. josephphdman Avatar
    josephphdman

    the us  should place more  severe sanctions on this iranian regeme , should freeze ahmidinijidad money and assets all over the world ,by depriving the world market from iranian goods and exports , iran economy will suffer more and they will become  desperate to produce and sell more oil to  survive ,  which will leads to lower oil prices in the world
    president obama got it wrong because he thinks the opposite ,or maybe he sympathise with iran because
    barrak hosein obama , his father hosein was from a shia,s sect

  4.  Avatar

    the us  should place more  severe sanctions on this iranian regeme , should freeze ahmidinijidad money and assets all over the world ,by depriving the world market from iranian goods and exports , iran economy will suffer more and they will become  desperate to produce and sell more oil to  survive ,  which will leads to lower oil prices in the world
    president obama got it wrong because he thinks the opposite ,or maybe he sympathise with iran because
    barrak hosein obama , his father hosein was from a shia,s sect

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