US Extended Sanctions Against Iran

The sanctions, prohibiting US companies aiding the development of the Iranian oil industry and halting trade, export/import and investment ties with Iran, were imposed by the Clinton administration and have been extended on an annual basis by successive presidents.

They would have expired without Obama's formal action to extend them.

"The actions and policies of the Government of Iran are contrary to the interests of the United States in the region and pose a continuing unusual and extraordinary threat" to US national security and the US economy, Obama said in a message to Congress.

Source: AFP

Author: Ksenia Kochneva