Proposing to Iran

The building tension within the borders of Iran is creating a challenge for world leaders and policy setters, and brightening the spotlight on the large oil producer. This Middle‐ Eastern nation has recently been faced with scarring political tumult which has once again cast a shadow on its stability. Furthermore, international trade sanctions continue to tear at the country’s growth, allowing outside powers to flex economic muscles to a certain extent. For years the US has imposed sanctions on Iran while other nations have remained relatively passive. The latest proposal, the Iran Refined Petroleum Sanctions Act, is a measure brought forth by the US legislature with the ultimate goal of halting nuclear proliferation. The legislation would impose a sanction on any companies who sold or delivered gasoline to Iran by barring it from selling to the US Government (as well as any financing or vessel insurance).