Project on Middle East Democracy

Project on Middle East Democracy
The POMED Wire


Sanctioning Iran

July 17th, 2008 by Sarah

Senators Chris Dodd (D-CT) and Richard Shelby (R-AL) announce bipartisan Iran sanctions legislation that would “authorize states and local governments to divest from companies that do business with Iran’s oil and gas sectors and cut off shipment through other countries of sanctioned technology.”

Olivier Guitta at the Foundation for Defense of Democracies argues that specific sanctions against Iran’s energy sector could be the most powerful tool to avert military escalation. “An international export ban of refined petroleum products to Iran, coupled with an embargo on the 2.5 million barrels per day (3 percent of world consumption) that Iran exports” could plunge Iran “in a deep economic and social hole that could jeopardize the regime.”


Posted in Iran, Oil, US foreign policy |

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