US comes down hard on Iranian petroleum investment....
According to US State Department spokesman Richard Boucher, oil companies investing in Iran are making a mistake.
"We just don't think it's wise to be investing in Iran's petroleum sector at this point when Iranian behavior has still not changed in so many areas," Boucher said.
The statement follows weeks of billion dollar deals signed by non-US firms and the Iranian government.
Boucher said the US government will review the 1996 Iran-Libya Sanctions Act to see whether it can take action against companies investing in Iran.
"We do not encourage investment in Iran's petroleum sector," Boucher said. "We have laws that affect our attitudes toward these investments. And we will have to look at those laws appropriately."
