Sunday, December 22, 2013

Iran: Obama to veto new US sanctions

The White House has vowed that President Barack Obama will veto any legislation imposing new U.S. sanctions on Iran.

The threat was issued December 19 after 26 senators – or more than one-quarter of the Senate – introduced new Iranian sanctions legislation.

The measure, backed by 13 Republicans and 13 lawmakers from Obama's Democratic Party, would impose sanctions if the Islamic republic violates the interim nuclear agreement with world powers reached in November, or if no final long-term deal is reached to curb Iranian nuclear activities.

Entitled the "Nuclear Weapon Free Iran Act," the proposed law would seek to further restrict Iranian oil exports and target Iranian mining, engineering, and construction industries.

Read it all here.

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