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May 17th, 2012 
FAKE NEWS for the Zionist agenda Senate Democratic Leader Harry Reid will ask the senate on Thursday to endorse the sanctions bill, which was revised from a version passed in February by the senate banking committee.
The bill was brought by Reid before the senate in March for a unanimous vote, but it failed after some Republican senators asked for amendments such as sanctions on companies that insure trade with Iran.
The sanctions specifically target foreign banks that handle transactions for Iran’s national oil and tanker companies and include measures to close loopholes in existing sanctions to reduce chances of avoiding the embargos.
The revised bill also includes non-binding language urging US President Barack Obama’s administration to sanction insurers of Iranian oil shipments.
A Democratic aide said that the revised bill has received strong support from the powerful pro-Israel lobby group, the American Israel Public Affairs Committee (AIPAC).
The US House of Representatives has passed its version of the new sanctions package. If the senate agrees to move forward on the bill, the two bodies will then need to agree on how to settle differences.
This comes ahead of the upcoming talks between Iran and the P5+1 group- Britain, China, France, Russia, and the United States plus Germany- in the Iraqi capital of Baghdad later this month.
The US, Israel and some of their allies accuse Tehran of pursuing military objectives in its nuclear energy program.
In a bid to pile up pressure on the country, the US and EU have recently imposed tough financial and oil sanctions against Iran.
Iran has repeatedly dismissed allegations over its nuclear activities, arguing that as a committed signatory to the nuclear Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it has the right to use nuclear technology for peaceful purposes.
AR/GHN/MA
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