EVENT INFORMATION

5
August
1996

The United States enacts the Iran and Libya Sanctions Act

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๐Ÿ“… 5 August 1996 ๐Ÿ“ Iran

The US Congress enacted legislation authorizing sanctions on certain foreign investment in Iranโ€™s petroleum sector. The law extended US pressure beyond direct US-Iran commerce and put third-country firms at risk of penalties. This is part of the history of coercion through financial reach, not a neutral background to the later nuclear dispute.

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People in this event

US Congress

Iranian workers and households

foreign energy firms

Organizations in this Event

United States

Iran

Libya