The US Senate has voted overwhelmingly to increase sanctions on Iran by focusing on activities such as the country’s “gas for gold” trade with Turkey, even as data indicate the trade is continuing unabated.
The Senate voted by a resounding 94 votes to zero to broaden Iran sanctions from the oil to the natural gas sector among other steps. The measure was appended to the annual defence expenditure authorisation bill, so increasing the likelihood of swift passage.
The move came on a day when Turkish trade data indicated that Ankara continued to export hundreds of millions of dollars in gold every month, a phenomenon the Turkish government itself has linked to purchases of gas from Iran.
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