BREAKING NEWS

US lawmakers in new drive to slash Iran's oil sales

By REUTERS

JUNE 6, 2013 08:00

NEW YORK/WASHINGTON - US lawmakers are embarking this summer on a campaign to deal a deeper blow to Iran's diminishing oil exports, and while they are still working out the details, analysts say the ultimate goal could be a near total cut-off.

Such an extreme goal would risk antagonizing China and India, the biggest remaining buyers of Iranian crude, and could push oil prices higher in a hit to the global economy.

Iran denies its nuclear program is aimed at building a bomb, but skeptical Western powers have become increasingly frustrated and Israel has said it could take military action if diplomacy and sanctions fail to rein in Tehran's nuclear ambitions.

Heavy rains in southern Brazil kill nearly 60, over 70 still missing

By REUTERS

05/05/2024 04:13 AM

US synagogues evacuate due to bomb threats

By REUTERS

05/05/2024 03:47 AM

Pro-Palestine protests disrupt graufdaiton festivities

By REUTERS

05/05/2024 03:42 AM

Ex-advisor of MK Naama Lazimi arrested during Jerusalem protests

By JERUSALEM POST STAFF

05/05/2024 03:37 AM