Iran: Exemptions Threaten to Cripple New Iran Sanctions
President Barack Obama speaks about the Defense Strategic Review and the new Iran sanctions during a press briefing at the Pentagon, January 5, 2012. (LOEB/AFP/Getty Images)
January 11, 2012
| Security
| Middle East and North Africa
The United States and the European Union are preparing to implement new rounds of sanctions that aim to put a chokehold on Iran’s central bank, depriving it of its oil revenue. There are signs, however, that the Obama administration is losing its nerve amid opposition to the sanctions from China, Japan, South Korea, India and Turkey -- all of which rely heavily on Tehran’s oil exports.

A new round of U.S. sanctions were signed into law by President Barak Obama on December 31 and will be slowly implemented over the next six months, taking full effect in June. Under the new U.S. law, companies are banned from any transactions with Iran’s central bank through which the majority of Tehran’s oil revenues must pass, prohibiting refineries around the world from purchasing Iranian oil. The 27 EU member nations have also agreed in principle to ban Iranian oil imports and are expected to approve the sanction’s specific stipulations later this month.

Full analysis continues for this Report. To continue reading and for Full LIGNET Access -- Click Here Now
Get Full Access Button

Get unrestricted, actionable analysis and detailed forecasting
from our dedicated team of intelligence experts.

  • Unrestricted entry to 24/7, security-encrypted,
  • Access to penetrating insider reports before you read the news in the mainstream media
  • LIGNET's Morning Brief sent straight to your inbox
  • Delivery of Urgent Action Reports when a global crisis develops
  • Elite viewing privileges to special video briefings from senior intelligence advisers
  • Critical analyses and forecasts of global and financial markets that could protect you, and your assets
  • In-depth dossiers on strategically important countries and regions of geopolitical relevance
  • Exclusive access to a network of world-class intelligence experts
  • Guarantee of Satisfaction
Full Access for $1

Gain FULL access for 30 days and discover the power of information for politics, business, finance, security and much much more.

Join Now Button
Join Now Button

PLUS Get the CIA
World Factbook FREE!
Find out how ››


Comments or questions about this article? Click here to contact us.
Login or Create New Account
Email Address:
New to LIGNET? Create New Account
GET FREE Intelligence Reports

LIGNET provides you with actionable intelligence and in-depth analyses from seasoned insiders including senior CIA officials, presidential advisors, ambassadors, and more.

Sign Up for
FREE Intelligence Reports!
Join Now
Already have an account?
Click here to log in.

Join Now
Knowledge is Power
Only if You Access it!
Upgrade to a full access account and get the official CIA World Fact Book 2014 FREE!
Upgrade Now
FREE CIA World Factbook 2013
What is LIGNET?
Powered by Newsmax
LIGNET is registered in the U.S. Patent and Trademark Office. Langley Intelligence Group Network is registered in the U.S. Patent and Trademark Office.