Obama extends US sanctions on Iran

US President Barack Obama has described Iran as “an unusual and extraordinary” threat and extended by one year a national emergency with regard to the Islamic Republic, the White House reports.


“Because the actions and policies of the government of Iran continue to pose an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States, the national emergency declared on March 15, 1995, must continue in effect beyond March 15, 2011,” said Obama in a notice on Tuesday.

“Therefore… I am continuing for 1 year the national emergency with respect to Iran,” it added.

According to the national emergency, US firms are banned from helping Iran develop its oil industry, carrying out trade exchanges, importing from and exporting goods to Iran and making venture in the country. 

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