This latest legislation passing through the US House of Representatives and Senate would effectively blacklist the country’s mining and construction sectors – effective January 2014 – and commit the US to begin working towards ending all sales of Iranian oil by 2015.
A series of similar measures implemented by both the US and EU since mid-2011 have already hit Iran’s key oil sector hard, impacting production, exports and investment. (CONTINUED - 1393 WORDS)
