[Wall Street Journal] Editorial - Despite being a leading oil exporter, Iran imports roughly 40% of its gasoline because it lacks adequate domestic refining capacity. Any cut-off in supply would do immediate damage to the fragile Iranian economy. Iran is supplied with gasoline by a handful of foreign companies, all of which do substantial business in the U.S. Diplomacy will have no chance without the threat of sticks, so Congress could help by passing pending legislation affecting Iran's energy supply. The goal of the sanctions is to sharply raise the costs to Iran for pursuing its nuclear programs. The only way Iran's regime is going to stop its nuclear program is if it feels some pain it can believe in.
2009-03-25 06:00:00Full ArticleBACK Visit the Daily Alert Archive