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Obama says enough world oil to crack down on Iran sales
Mar 30th, 2012
BURLINGTON, VT/WASHINGTON (Reuters) - U.S. President Barack Obama said on Friday he has determined there is enough oil in the world market to allow countries to cut imports from Iran, allowing Washington to begin sanctioning countries that continue to buy Iranian oil. In his decision, required by a sanctions law he signed in December, Obama said in a statement that increased production by some countries as well as "the existence of strategic reserves" helped him come to the conclusion that sanctions can advance. ... (Source: Reuters) -
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