Iran Sanctions: The Sobering Lessons of Marc Rich

The Obama administration is pushing for tougher sanctions on Iran to stem the Islamic republic's nuclear ambitions, and advocates of stiff measures note that the mere threat of sanctions has already convinced a few foreign firms to stop trading with the country. Both the Senate and the House have passed bills that would punish companies that sell refined petroleum products to Iran, and once reconciled the final version of the bill will be sent to the president for signature. On Monday morning,...Full Story
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