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Obama signs new sanctions bill against Iran

07-02-2010 08:24 BJT

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U.S. President Barack Obama has signed into law a new sanctions bill against Iran. The bill has been passed by the House of Representatives and the Senate.

Under the bill, businesses that help supply Iran with refined petroleum or help develop the country's own refining capacity will be penalized. At the signing of the Iran Sanctions Act, Obama said The United States and the international community are determined to prevent Iran from acquiring nuclear weapons. He also said the new U.S. sanctions on Iran are the toughest-ever passed by Congress. They will make it harder for the country to buy refined petroleum as well as goods and services to modernize its oil and natural gas sector.

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