The Impact Of New Iran Sanctions

Law360, New York (November 16, 2009, 6:08 PM EST) -- As a result of new revelations and escalating international concerns regarding the continuing development of Iran’s nuclear program, the Obama administration and the U.S. Congress are each moving forward with proposals for additional economic sanctions against Iran that involve measures directed at Iran’s international trade transactions, especially those involving petroleum refining and refined petroleum exports to Iran.

The reported Obama administration proposals and the legislation Congress is considering would significantly expand existing U.S. trade sanctions that prohibit U.S. companies from dealing with Iran.

These new sanctions...
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