ASSESSMENTS

Iran: The Beginning of Sanctions?

Jan 12, 2010 | 16:58 GMT

BEHROUZ MEHRI/AFP/Getty Images

Summary

Glencore, a Swiss commodities trading firm, has reportedly stopped its gasoline shipments to Iran, according to trade sources. The decision, if true, could be a sign that the U.S. campaign to impose sanctions on Iran's gasoline trade is starting to yield results. Iran, however, has options to circumvent any sanctions.

The possible halt of gasoline shipments to Iran by a commodities trading firm could be a sign that the U.S.-backed sanctions plan is working, but Iran has options to maintain its supply. ...

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