US takes Iran sanctions violators off blacklist

Three companies who provided a tanker to Iran Shipping Lines in 2010 ensure US they are in compliance with the law.

April 13, 2013 15:13
2 minute read.
Policeman guards Iranian oil tanker

Policeman guards Iranian oil tanker 311. (photo credit: Reuters)

The US State Department announced the lifting of sanctions against three companies that were sanctioned in May 2011 for their roles in a September 2010 deal that provided an $8.65 million dollar tanker to the Islamic Republic of Iran Shipping Lines (IRISL) in violation of the Iran Sanctions Act.

In 2011, the

The study – written by Patrick Clawson, the director of research at the Washington Institute for Near East Policy, and titled “Is Iran Moving Beyond Oil?” – stated that Iran’s economy is doing well by adapting to the Western sanctions, putting less emphasis on its oil exports and diversifying them into other sectors. Therefore, it hints that, without any other measures, sanctions will not be enough to stop Iran as too many countries are unwilling to make them significantly stronger.

World powers and Iran failed again to ease their decade-old dispute over Tehran's disputed nuclear program in talks that ended at the beginning of April in Almaty, prolonging a stand-off that risks spiraling into a new Middle East war.

Iran declined to accept or reject an offer of modest relief from economic sanctions in Almaty in exchange for curbing its most sensitive nuclear activity.

Ariel Ben Solomon and Reuters contributed to this report.

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