US: Iran can't access much oil income

[TexasTowelie]

Source: AP

WASHINGTON (AP) -- The U.S. has concluded that nearly half of Iran's monthly earnings from crude oil exports are accumulating in accounts overseas because of sanctions that restrict Tehran's access to the money.

The estimates, provided to The Associated Press by a senior U.S. official and never released before, are the latest indication that new sanctions imposed in February are deepening Iran's economic distress and making it increasingly difficult to access billions of dollars in vital oil revenues. The official spoke on condition of anonymity because of the sensitivity of sanctions policy.

The U.S. hopes the pressure will force Iran to compromise on its nuclear program, which the West suspects is aimed at making a weapon. Iran insists it is for peaceful purposes only and has not budged on demands to halt uranium enrichment, a process that can be used to make fuel for energy production or for a nuclear weapon.

The U.S. estimates that about $1.5 billion in crude oil revenues is piling up in restricted foreign accounts every month. Crude revenues overall averaged about $3.4 billion monthly in the first half of year, according to the assessment.

Read more: http://hosted.ap.org/dynamic/stories/U/US_US_IRAN_SANCTIONS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-08-30-03-59-23

[jtuck004]

1. Maybe a community bank in Detroit could open up an account for them.

They can't get it out, so it could be used for investments, to fund schools and infrastructure improvements, maybe even some new kinds of manufacturing, help bring revenue in to keep the pensions alive for ex-public employees. And it will be there when the Iranians decide to join up with the rest of the world community, if they ever do.

[Kolesar]

2. I hope it works! ... eom

[iamthebandfanman]

3. its all a front!

don't you know the united states is still following the PNAC plan !!???

Cruise missiles against Syria for gassing children is just the first step of a plan for INVASION AND OCCUPATION of Iran next! They dont REALLY hope the pressure will force them to stop!!!

Whod want those pesky sanctions to work when people here on DU have our blood lust all figured out!

[Civilization2]

4. The U.S. hopes the pressure will force Iran to sell it's oil in US dollars,. nothing more.

If you think the war on Iran has anything to do with people, or a nuke that does not exist, then you are missing the point.

here is an interesting summary;