U.S. Tightens Oil Sanctions On Iran -- CNN
NEW YORK (CNNMoney) -- President Obama ratcheted up the pressure on Iran Friday, deciding to implement previously announced sanctions that will be the toughest to date.
The decision declares that world oil markets can be adequately supplied even if a significant portion of Iran's 2.2 million barrels a day in oil exports is taken off the table.
"There is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through foreign financial institutions," Obama said in a statement.
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More News On Additional Sanctions Against Iran's Oil Industry
Obama clears sanctions to squeeze Iran -- L.A. Times
Obama to Clear Way to Tighten Iranian Oil Sanctions -- New York Times
Buyers of Iran oil to face fresh US sanctions -- BBC
Obama says enough world oil to crack down on Iran sales -- Reuters
Obama imposes sanctions to squeeze Iran's oil exportation -- FOX News
Obama: Global oil supply OK to proceed with sanctions on Iran -- Washington Post/AP
Obama Clears Way for Sanctions on Banks in Iran Oil Trade -- Bloomberg
Obama moves to choke Iran oil exports -- AFP
Obama says enough world oil to crack down on Iran sales -- Reuters
Obama clears Iran oil sanctions -- Washington Times
India and China Skirt Iran Sanctions With ‘Junk for Oil’ -- Bloomberg