• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. Dado Ruvic/Illustration
Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. Dado Ruvic/Illustration
Home
World
World

US House easily passes bill to harden sanctions on Iranian oil

November 3rd, 2023 | 16:59 PM WORLD 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Kremlin says ousted Ukrainian minister's call for elections shows splits in Kyiv
How a Texas student blew the whistle on a rogue AI hacking attempt 
Russia strikes drone component facilities, other targets in Kyiv, defence ministry says
Ukrainian capital Kyiv under attack by Russian ballistic missiles, mayor says
By Reuters

The U.S. House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote.

The Stop Harboring Iranian Petroleum (SHIP) bill, which passed 342-69, would impose measures on foreign ports and refineries that process petroleum exported from Iran in violation of U.S. sanctions.

U.S. lawmakers are debating several pieces of legislation to pressure Iran after the Oct. 7 attacks on Israel by Hamas that killed at least 1,400 people, mostly civilians. Hamas has long been backed by Iran, but Tehran has denied any involvement in the attacks.

The bill "sends a clear and strong message to bad actors like China, Russia, and others – do not help Iran avoid sanctions and assist them in their funding of terror, or face the consequences," Representatives Mike Lawler, a Republican, and Jared Moskowitz, a Democrat, said in a release.

The bill must be passed by the Senate and signed by President Joe Biden before becoming law. A companion bill in the Senate is sponsored by Republican Senators Marco Rubio and John Kennedy and by Democratic Senators Maggie Hassan and Jacky Rosen.

It is unclear how effective the legislation would be if signed into law. While Congress can pass sanctions legislation, such measures often come with national security waivers that allow presidents discretion in applying the law. And China could continue to import the oil despite new sanctions.

Despite U.S. sanctions on Iranian oil over its nuclear program, its exports of crude are soaring. Iran says its nuclear program is for peaceful purposes.

Iran's crude exports of about 1.5 million barrels per day (bpd) stood at their highest in more than four years, with more than 80% shipped to China, data from consultancies FGE and Vortexa showed in September.

  • Topic
  • USA
  • CONGRESS/IRAN
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Kremlin says ousted Ukrainian minister's call for elections shows splits in Kyiv

Related Posts

World
August 20th, 2026

Kremlin says ousted Ukrainian minister's call for elections shows splits...

World
August 20th, 2026

How a Texas student blew the whistle on a rogue AI hacking attempt 

World
August 20th, 2026

Russia strikes drone component facilities, other targets in Kyiv, defenc...

World
August 19th, 2026

Ukrainian capital Kyiv under attack by Russian ballistic missiles, mayor...

World
August 19th, 2026

US debt crosses $40 trillion threshold after doubling under Trump and Bi...

World
August 19th, 2026

UN's Guterres seriously concerned by US sanctions on ICC

The Wire
Aug 20th 4 h ago
Business

AI productivity gains may not curb inflation, IMF's Tenreyr...

Aug 20th 4 h ago
Aerospace & Defense

Latvia says drone in its airspace on August 14 was Ukrainia...

Aug 20th 4 h ago
India

Indian central bank deputy urges banks to improve retail fo...

Aug 20th 4 h ago
Baseball

Guardians chase elusive home series win in matchup vs. Gian...

Aug 20th 4 h ago
Americas

Brazil to keep fiscal framework, spending restraint under n...

TRENDING ON FINANCETIME
Aug 20th, 2026 Asia Pacific

Bangladesh elects ruling party veteran Alamgir as president

Aug 20th, 2026 Africa

AFRICA-FX-Ghana's currency back under pressure, Uganda's on front foot

Aug 20th, 2026 Soccer

How would a vote of no confidence work to oust FIFA president Infantino?

Aug 20th, 2026 Europe

Romania destroys marine drone near Neptun Deep gas project, minister says

Aug 20th, 2026 Baseball

Sal Stewart, Reds strive for edge in finale of 5-game series vs. Cards

Markets-Sectors
TELECOMMUNICATIONS SERVICES +0.03%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT