US Senators have introduced a new bill to restrict Iran’s imports of petrol, targeting a key energy source for the country’s economy.
The proposed law, supported by 25 members of the Senate, would grant the Obama administration the power to bar any company that sells petrol to Iran from operating in the US market. The law’s backers say it would pressure the Iranian government to change course on its nuclear policy, but experts say it could also push political tensions in the country to the breaking point.
Iran has tremendous reserves of crude oil, but the growth in its oil refining capacity has not kept up with demand, forcing it to import petrol and other oil products.
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