Iran oil exports at risk in UK ship sanctions plan
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A British proposal to target Iran's national shipping lines under a draft U.N. sanctions resolution could temporarily curb Tehran's ability to export oil to world markets, maritime sources said on Tuesday.
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Delegates from key nations are holding talks in London on new sanctions for Iran over its nuclear programme.
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The US and the UK say key world powers will seek UN sanctions against Iran over the nuclear stand-off.
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20 October 2004 -- Great Britain, France, and Germany will reportedly offer Iran a last chance to avoid the threat of United Nations sanctions over its nuclear program.
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LONDON -- Iran risks action by the United Nations Security Council if it breaks a promise to suspend uranium enrichment activity by November, Britain said yesterday. Tehran defiantly declared it has a right to continue its program.
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Proposed new United Nations sanctions on Iran over its nuclear program call for travel bans and asset freezes for named Iranian officials and vigilance on all banks in Iran, according to a draft text.
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The economic impact of U.S. sanctions against Iran is unclear and Iran has signed about $20 billion in energy contracts with foreign firms since 2003, said a U.S. audit report.
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Military action against Iran with the goal of shutting down its nuclear programme would be &quot;highly dangerous&quot; and &quot;counter-productive,&quot; according to an independent British report.
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Iran risks action by the UN Security Council if it breaks a promise to suspend uranium enrichment activity by November, Britain said Wednesday.
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British Foreign Secretary Jack Straw has warned Iran it could face United Nations sanctions if it does not suspend its uranium enrichment program.
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British Prime Minister Gordon Brown said on Monday he would not rule out military action against Iran, but believed a policy of sanctions could still persuade Tehran to drop its disputed nuclear program.
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WASHINGTON -- The United States and Britain are preparing drafts for a punishing new UN resolution against Iran that could impose sweeping travel bans on the country's top military and security officials, require inspections on its cargo flights and ships, forbid all import and export of arms shipments, and freeze the assets of major Iranian banks, according to US and ...
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Sanctions the U.S. is seeking could start with restrictions on IranÂs imports of nuclear material, but the plan faces a high hurdle at the U.N.
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Confronted by mounting U.S. and U.N. pressure, Iran has been steadily shifting its trade from West to East and, with the benefit of record high oil prices, is likely to be able to withstand the new U.S. sanctions, according to U.S., European and Iranian analysts.
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The US has announced sweeping sanctions against Iran.
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Business & money: Mounting US crackdown on foreign companies doing business with Iran provoke opposition in Europe.
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The New York Mercantile Exchange is in talks with UK regulators about starting open outcry oil trade in London but will let market demand decide whether it moves from Dublin, President James Newsome said on Monday.