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(Reuters) Steven Scheer - U.S. Treasury Secretary Jack Lew said Iran's economy remained in a state of distress due to sanctions over its nuclear program and that the U.S. would not rush into making a bad deal to prevent Iran from obtaining a nuclear weapon. "Iran is losing a significant amount in oil sales alone from the sanctions that remain in place, more than the value of the temporary relief," Lew said in Jerusalem on Wednesday. "As we approach the last month of the agreed upon period for negotiations, Iran's economy remains in a state of distress that brought the government to the negotiating table in the first place." 2014-06-19 00:00:00Full Article
U.S.: Iran Economy Remains in Distress from Sanctions
(Reuters) Steven Scheer - U.S. Treasury Secretary Jack Lew said Iran's economy remained in a state of distress due to sanctions over its nuclear program and that the U.S. would not rush into making a bad deal to prevent Iran from obtaining a nuclear weapon. "Iran is losing a significant amount in oil sales alone from the sanctions that remain in place, more than the value of the temporary relief," Lew said in Jerusalem on Wednesday. "As we approach the last month of the agreed upon period for negotiations, Iran's economy remains in a state of distress that brought the government to the negotiating table in the first place." 2014-06-19 00:00:00Full Article
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