Shipping Firms Pull Out of 3 Iran Ports After Sanctions

Monday, 11 Jul 2011 04:31 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Obama administration sanctions against Iran finally may be paying some dividends. A number of shipping companies have pulled out of the country’s top three ports after the administration said the ports’ operator was a branch of the Revolutionary Guard, a group linked to terrorism, The Washington Post reported.

The shipping firms’ move has forced Iran to find new ways to import food and other critical supplies. This, along with other U.S. and international maneuvers targeting Iran’s access to international banking, insurance, and transportation, have damaged Iran’s ability to conduct trade.

“The impact is real,” National Security Council spokesman Tommy Vietor told the Post, describing canceled or frozen energy projects totaling $60 billion. However, some experts say the sanctions will harm ordinary Iranians more than the rulers, and President Mahmoud Ahmadinejad predicted that the moves would backfire.

“Our efforts and powerful hands will ensure that our industry and production grow by dozens,” he told a group of industrialists. The country has complained to the United Nations, accusing the United States and other Western countries of depriving Iranians of basic rights, the Post reported.

Ahmadinejad’s predictions of growth may be bluster because of the path he set over the past six years that made Iran dependent on cheap imports of such food items as meat, bread, and fruit. Iran also relies on imports of a wide variety of goods from Asia and Europe, including computer chips and luxury cars. Almost of the goods are brought to Iran by container ships operating out of the country’s ports, the Post reported.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Ted Cruz on 'True Blood': Vampire Vote Belongs to Democrats

Tuesday, 22 Jul 2014 20:51 PM

Sen. Ted Cruz took to social media Tuesday with his take on an HBO "True Blood" episode depicting a bloodbath at a ficti . . .

Rep. Adam Kinzinger: Freeze Putin's Assets

Tuesday, 22 Jul 2014 20:37 PM

Rep. Adam Kinzinger wants the United States to freeze Russian President Vladimir Putin's assets to get his attention on  . . .

Peter King: 'Disappointed' That White House 'Undermining Israel'

Tuesday, 22 Jul 2014 19:50 PM

Rep. Peter King says he is "disappointed" that the White House appears to be "undermining Israel" in the current conflic . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved