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Iran’s Oil, Tanker Companies Targeted for Sanctions by Lawmakers

Iran’s national oil company and its oil-tanker fleet are the target of sanctions measures that two U.S. lawmakers introduced in Congress aimed at blocking Iran’s ability to sell its crude internationally.

Representative Howard Berman, a California Democrat, and Senator Bob Menendez, a New Jersey Democrat, filed similar proposals yesterday to force the U.S. Treasury Department to investigate whether the National Iranian Oil Co. and the National Iranian Tanker Co. are owned or controlled by the Islamic Revolutionary Guard Corps.