The U.S. Senate by a vote of 94-0 approved new sanctions on Iran’s
energy, port, shipping and shipbuilding sectors. The new package of sanctions
was approved as an amendment to the National Defense
Authorization Act. It builds on existing U.S. sanctions and provides
additional tools to impede the progress of Iran’s nuclear program.
The legislation also attempts to close a loophole that has allowed some purchasers of Iranian oil and natural gas to use gold and other precious metals to pay for petroleum products.