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Falling oil prices put Iran over U.S. sanctions barrel

Reuters -- For most of this year, the threat of tough U.S. sanctions on Iran, the world's third-largest oil exporter, helped push crude oil prices higher and higher, adding a menacing headwind for struggling global economies.

But in the past few weeks, a combination of higher output from Iran's rival Saudi Arabia and economic troubles in China and Europe have pushed oil prices down 25 percent, putting the threat of sanctions back squarely on Iran.

As June 28 approaches - the day the law allows U.S. President Barack Obama to enforce sanctions on countries that do oil deals with Iran's central bank - Washington is revving up efforts to tighten the squeeze on Tehran.

Lawmakers in Congress hope to finalize in July a new package of sanctions aimed at further crippling Iran's oil revenues after ...


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Submitted Jun 27, 2012 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Falling oil prices put Iran over U.S. sanctions barrel Back to Topics
REPLIES (newest first) Post a Reply
OWENALOTT
Champion Author Appleton

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Message Posted: Jun 28, 2012 6:34:17 PM

Thank you for posting. interesting read.
sparky808
Champion Author Honolulu

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Message Posted: Jun 28, 2012 10:19:23 AM

Thank you for posting.
CDMAuto
Champion Author Connecticut

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Message Posted: Jun 28, 2012 5:16:08 AM

sactions do not work
Ahking
Champion Author Orange County

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Message Posted: Jun 27, 2012 10:53:43 PM

get it done soon.
RogerB
Champion Author Indianapolis

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Message Posted: Jun 27, 2012 9:26:20 PM

What most people don't realize is that Obama has already granted so many waivers to countries that the sanctions have become quite watered down and arguably meaningless.
jtfftj
Champion Author New Hampshire

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Message Posted: Jun 27, 2012 9:08:12 PM

Time for OPEC to wake up to shake up.
Toppers
Champion Author Atlanta

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Message Posted: Jun 27, 2012 9:06:34 PM

Hopefully
Bleeder
Champion Author Virginia

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Message Posted: Jun 27, 2012 9:04:33 PM

And Iran probably still won't budge.
northshoreMN
Champion Author Twin Cities

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Message Posted: Jun 27, 2012 9:01:32 PM

What most people don't realize is that Obama has already granted so many waivers to countries that the sanctions have become quite watered down and arguably meaningless.
whaboush
Champion Author Richmond

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Message Posted: Jun 27, 2012 9:01:15 PM

grrr
Jeeputtputt
Champion Author Ohio

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Message Posted: Jun 27, 2012 9:01:07 PM

correct?
Vette1967
Champion Author Albany

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Message Posted: Jun 27, 2012 8:55:00 PM

Okay..
pgerassi
Champion Author Milwaukee

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Message Posted: Jun 27, 2012 8:54:37 PM

ok
Hoporrene
Veteran Author Mississippi

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Message Posted: Jun 27, 2012 8:53:35 PM

Oh for real
OOXXFF
Champion Author Greensboro

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Message Posted: Jun 27, 2012 8:53:17 PM

Good.
Jeannemarie
Champion Author Las Vegas

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Message Posted: Jun 27, 2012 8:48:47 PM

Stick your nose out too far and someone will lop it off.
WIPACKERFAN
Champion Author Chicago

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Message Posted: Jun 27, 2012 8:40:23 PM

OK
regout
Champion Author Quebec

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Message Posted: Jun 27, 2012 8:40:07 PM

Ok
dave1745
Champion Author Gary

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Message Posted: Jun 27, 2012 8:35:26 PM

good
suchont
Veteran Author Los Angeles

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Message Posted: Jun 27, 2012 8:32:58 PM

.
Sportdeck
Champion Author Atlanta

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Message Posted: Jun 27, 2012 8:28:41 PM

Good!
abcdMA
Champion Author Worcester

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Message Posted: Jun 27, 2012 8:22:52 PM

the squeeze is on
mcmonsta
Champion Author Honolulu

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Message Posted: Jun 27, 2012 8:21:43 PM

keep pumping saudi arabia, keep squeezing iran to the rest of the world so we are not held prisoners by them!
AnObserver
Champion Author New Jersey

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Message Posted: Jun 27, 2012 8:15:51 PM

Wasn't that the idea to hurt Iran?
jessek
Champion Author Detroit

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Message Posted: Jun 27, 2012 8:14:46 PM

Whether we like it or not they have the right to deal with whomever they want.
Ray_10589
Champion Author New York

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Message Posted: Jun 27, 2012 8:13:58 PM

not in the NE
drz614
Champion Author Harrisburg

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Message Posted: Jun 27, 2012 8:10:28 PM

washington involved? surely they will get this right too. LOLOL
Sam195
Champion Author San Bernardino

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Message Posted: Jun 27, 2012 8:09:33 PM

$80/bbl is killing OPEC. RIP, ya bunch of losers.
DABEE1073
Champion Author San Diego

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Message Posted: Jun 27, 2012 8:07:38 PM

POOR IRAN! LIKE THEY DID NOT CAUSE ALL OF THE OWN PROBLEMS.
95Vette
Champion Author Missouri

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Message Posted: Jun 27, 2012 8:06:52 PM

Doubtful we will see the follow thru.
LaVonneK
Champion Author Iowa

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Message Posted: Jun 27, 2012 8:05:59 PM

Oh.
Brunduski
All-Star Author Missouri

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Message Posted: Jun 27, 2012 8:03:34 PM

Is there really any question that we are not going to follow through with our sanctions?
mgune9
All-Star Author Dallas

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Message Posted: Jun 27, 2012 8:01:51 PM

don't trust them anyway
altima2008
Champion Author Philadelphia

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Message Posted: Jun 27, 2012 8:01:22 PM

Maybe nobama should let his wife handle things, she probaly couldn't do any worse than him!
JAM11MS
All-Star Author Mississippi

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Message Posted: Jun 27, 2012 8:01:06 PM

obama will be known as the worst president ever, not based on race just fact.
Edtx2009
Champion Author Houston

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Message Posted: Jun 27, 2012 8:00:53 PM

See, what did I say embargo Iran's oil and gas prices will go up. Kind of like cutting off your nose to spite your face.
CPGas1815
Champion Author Michigan

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Message Posted: Jun 27, 2012 7:57:31 PM

It would sure be nice to see gasoline prices decrease 25%.
mobil1MN
All-Star Author Minnesota

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Message Posted: Jun 27, 2012 7:56:07 PM

great
mdskier
Champion Author Sacramento

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Message Posted: Jun 27, 2012 7:55:14 PM

Good
YodaON
Champion Author Ottawa

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Message Posted: Jun 27, 2012 7:51:18 PM

okay
bigthighs
All-Star Author Tucson

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Message Posted: Jun 27, 2012 7:48:19 PM

cool
clermont40miles
Champion Author Cincinnati

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Message Posted: Jun 27, 2012 7:47:03 PM

Another feckless, weak effort.

Iran loves it when we give them more time. Just what they want and need.
warlord1
Champion Author Georgia

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Message Posted: Jun 27, 2012 7:46:19 PM

ok
dabbadu
Champion Author New York

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Message Posted: Jun 27, 2012 7:43:21 PM

Good news.
96sc1
Champion Author El Paso

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Message Posted: Jun 27, 2012 7:42:10 PM

Pfft! Sanctions haven't taken down North Korea or Cuba yet.
toadNY
Champion Author Albany

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Message Posted: Jun 27, 2012 7:41:04 PM

Same here dlemma, scubadaniel is right.
suzmar
Champion Author Texas

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Message Posted: Jun 27, 2012 7:39:53 PM

I don't think Iran is worried about the sanctions, there will always be countries that will buy.
dlemma
Champion Author Wyoming

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Message Posted: Jun 27, 2012 7:37:43 PM

I couldn't agree more with scubadaniel.v
scubadaniel
Champion Author Dayton

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Message Posted: Jun 27, 2012 7:34:31 PM

I don't think the little Arab Hitler cares about sanctions by POTUS Obama.
ericbcire
Champion Author Nevada

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Message Posted: Jun 27, 2012 7:33:25 PM

Good. Prices need to keep dropping.
asog75
All-Star Author Indiana

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Message Posted: Jun 27, 2012 7:30:46 PM

interesting
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