close
    Whats the latest information on the possibility of a US oil embargo of Iran

    0  Views: 919 Answers: 1 Posted: 12 years ago
    Tags: us politics

    1 Answer

    You are confused, the US has not bought ANY oil from Iran since the overthrow of the Shaw and the sacking and takeover of the US Embassy, back in the seventies


    What has happened is the Congress has passed and the President has signed, a law the requires the US to no longer do business with ANY county the does business with the Bank of Iran, which is the government of Iran.


    That means if a county buys oil from Iran, they can no longer sell their products in the US and the US is by far the worlds largest consumer and producer of goods and services.


    There is a catch however.  The President is granted the authority, in that bill, to give counties six months to stop doing business with Iran, or to negate the laws requirements, in the name of National Defense


     


     



    Top contributors in Uncategorized category

     
    ROMOS
    Answers: 18061 / Questions: 154
    Karma: 1101K
     
    Colleen
    Answers: 47270 / Questions: 115
    Karma: 953K
     
    country bumpkin
    Answers: 11322 / Questions: 160
    Karma: 838K
     
    Benthere
    Answers: 2392 / Questions: 30
    Karma: 760K
    > Top contributors chart

    Unanswered Questions

    ku11codes
    Answers: 0 Views: 14 Rating: 0
    thabet77tw
    Answers: 0 Views: 9 Rating: 0
    Are you ready?
    Answers: 0 Views: 10 Rating: 0
    Are you ready?
    Answers: 0 Views: 10 Rating: 0
    phimheo88
    Answers: 0 Views: 16 Rating: 0
    phimheo88
    Answers: 0 Views: 13 Rating: 0
    > More questions...
    453180
    questions
    720051
    answers
    758070
    users