October 4, 2010
U.S. sanctions hit Iran oil firm
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A subsidiary of Iran’s Swiss-based national oil company is the latest firm to be sanctioned under new U.S. measures.
On Sept. 30, the United States sanctioned Naftiran Intertrade Company under the Iran Sanctions Act passed by Congress earlier in the year.
Companies that reportedly have told the United States they have stopped doing business with Iran include the Turkish refiner Tupras; the French oil group Total; Royal Dutch Shell; Kuwait’s Independent Petroleum Group; and India’s Reliance. BP and Shell have told the State Department that they are no longer supplying jet fuel to Iran Air.
Last week, Washington placed financial and travel sanctions on eight senior Iranian officials accused of human rights violations.
“The president is sending a clear message: The United States is taking decisive action to address the looming nuclear threat from Iran,” House Speaker Nancy Pelosi said in a statement.
