CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US House Passes Bill to Harden Iran Sanctions

OIL

US House of Representatives has passed a bill Nov. 3 aimed at hardening sanctions on Iranian oil, Reuters reported, although the effectiveness of such legislation is uncertain.

  • The Stop Harboring Iranian Petroleum (SHIP) bill, if it became law, would impose measures on foreign ports and refineries processing Iranian oil exports and violating US. sanctions.
  • The bill still needs to pass the Senate and be signed by President Joe Biden.
  • Enshrining the bill into law does not guarantee its effectiveness as sanctions measures passed in Congress come with national security waivers allowing the President discretion in its enforcement, Reuters said.
  • China could also continue importing Iranian oil despite any strengthening of sanctions.
  • Iranian exports have been at their highest level in four years, at around 1.5m b/d, according to Reuters.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.