December 2, 2011 | Quote

U.S. Senate Backs Sanctions Intended to Cripple Iran Oil Exports

The Central Bank of Iran is a vital intermediary for purchasers of Iranian crude because existing sanctions against the Persian Gulf country have so constrained Iran’s ability to use the international financial sector to settle oil trades, said Mark Dubowitz, director of the Iran Energy Project at the Foundation for Defense of Democracies in Washington.


Iran Iran Sanctions