Iran Oil Sanctions Set to Shrink Circle of Foreign Buyers

Iran Oil Sanctions Set to Shrink Circle of Foreign Buyers

Atta Kenare/AFP/Getty Images

A picture shows phase 15 and 16 of South Pars gas field development in the southern Iranian port town of Asaluyeh. By targeting financial transactions and stopping short of sanctioning international trade in Iranian oil, the U.S. aims to pressure Iran without risking a surge in crude prices.