The president would have expanded authority to impose sanctions on foreign individuals and entities that knowingly engage in transactions related to Iran’s oil industry under a modified version of
The bill would state that it’s US policy to enforce sanctions to deny Iran financial resources needed to fund its nuclear and non-nuclear weapons programs and state-sponsored terrorism, which the Trump administration cited as justifications for initiating the US-Israel war with Iran in late February.
The US has levied sanctions related to Iran’s oil sector since 1996. President Donald Trump has used existing authorities to sanction entities with ...