US Unlikely to Enforce Iran Sanctions in Election Year: Analyst
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The US is unlikely to strongly enforce sanctions on Iran and risk sending oil prices higher in an election year, consultant Energy Aspects Ltd. said, even after the House set new restrictions in motion against the country’s energy sector.
Legislation passed over the weekend seeks to broaden sanctions against Iran to include foreign ports, vessels and refineries that knowingly process or ship Iranian crude in violation of existing US rules.