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| Syria-Lebanon-Iran |
| Frustrated with diplomacy, some in Congress seek total ban on IranÂ’s oil |
| 2013-05-13 |
| After failing to halt IranÂ’s nuclear advances with harsh economic sanctions, a group of U.S. lawmakers and analysts is proposing a more drastic remedy: cutting off Iran entirely from world oil markets. Advocates of the measure say increases in oil and gas production in the Middle East and North America have made it economically feasible to organize the first truly global boycott of Iranian crude. Such an effort, if successful, would sideline the worldÂ’s fourth-biggest oil producer in an effort to force Iran to change its nuclear policies. The proposal, variations of which are circulating on Capitol Hill, is being criticized by some economists as well as Obama administration officials who warn that such a measure could disrupt oil markets, alienate U.S. allies and drive up energy prices. |
| Posted by:tipper |
| #1 Similar action caused Japan to attack us at Pearl Harbor thereby starting WWII |
| Posted by: 2013-05-13 22:26 |