Friday, November 3, 2023

US House easily passes bill to harden sanctions on Iranian oil

The US House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote. The Stop Harboring Iranian Petroleum (SHIP) bill, which passed 342-69, would impose measures on foreign ports and refineries that process petroleum exported from Iran in violation of US sanctions. US lawmakers are debating several pieces of legislation to pressure Iran after the October 7 attacks on Israel by Hamas that killed at least 1,400 people, mostly civilians. Hamas has long been backed by Iran, but Tehran has denied any involvement in the attacks.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IS5PoU3

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