The U.S. Senate is set to vote on a bill to renew the anti-Iran Sanctions Act for 10 years.
Senate Republican leader Mitch McConnell says the vote will be held this week. If the extension of the Iran Sanctions Act, known as the I-S-A is passed, it would also need President Barack Obama’s signature to become law. The House of Representatives has already approved the bill. The Iran Sanctions Act was first ratified in 1996 under President Bill Clinton. It bans American companies from making investment in Iran’s energy industry. Iran has already warned that it would respond if the US violates the nuclear agreement between Tehran and the P5+1 group of countries by renewing sanctions against the Islamic Republic.
Top Iranian officials have previously warned Washington against renewing the controversial ban on the country. Tehran has repeatedly slammed the US for hampering full implementation of the nuclear deal signed in July 2015.
Professor of Strategic Global Management
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