Tuesday, Nov 24th

Last update04:10:09 AM GMT

You are here News International U.S. Enriches Companies Defying Its Policy on Iran

U.S. Enriches Companies Defying Its Policy on Iran

E-mail Print PDF

The federal government has awarded more than $107 billion in contract payments, grants and other benefits over the past decade to foreign and multinational American companies while they were doing business in Iran, despite Washington’s efforts to discourage investment there, records show.

That includes nearly $15 billion paid to companies that defied American sanctions law by making large investments that helped Iran develop its vast oil and gas reserves.

For years, the United States has been pressing other nations to join its efforts to squeeze the Iranian economy, in hopes of reining in Tehran’s nuclear ambitions. Now, with the nuclear standoff hardening and Iran rebuffing American diplomatic outreach, the Obama administration is trying to win a tough new round of United Nations sanctions.


Most Recent Related Stories...

At least 11 dead in attack on Tunisia military bus

Tunisia bomb attackAt least 11 people were killed on Tuesday after an explosion hit a bus carrying Tunisian...

Russia confirms its jet was shot down near Turkish border

Vladimir PutinTurkey shot down a Russian fighter plane Tuesday — a long-feared crisis in Syria's civil war...

In taking economic war to Islamic State, U.S. developing new tools

ISISSince last month, U.S. warplanes have struck Islamic State's oil infrastructure in Syria in a stepped-up...

Unsolved murder in West Bank: a case of uneven Israeli justice and its cost

Unsolved murder and Israeli injusticeAt the center of this otherwise idyllic Palestinian village, soot still blackens the entryway of a...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!