1. Iran and the Effectiveness of Sanctions
... expanded US sanctioning of Iran, banning all US participation in the Iranian oil and gas industry, preventing a $1 billion deal between a U.S oil company and Iran. The Clinton administration also passed the Iran and Libya Sanctions Act 1996, aiming to press foreign companies to join the US in boycotting Iran's oil and gas industry. This act applied to any company investing over $20 million into the industry, with ... any US or non US company facing sanctions if they are in breach of the terms. Though the string of US sanctions on Iran up to the Bush government undoubtedly reduced the fun...
- Word Count: 1264
- Approx Pages: 5
- Grade Level: Undergraduate